Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 12 - Banks and Banking |
Chapter VI - Farm Credit Administration |
SubChapter A - Administrative Provisions |
Part 1507 - MINORITY AND WOMEN CONTRACTING OUTREACH PROGRAM |
§ 1507.6 - Solicitation and contract award guidelines.
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Board contracting shall maximize the award of contracts to M/WOB firms and other firms that provide opportunities, to the maximum extent possible, for the inclusion of minorities and women and entities owned by minorities and women in the performance of Board contracts. The Board's staff shall formulate and implement guidelines directed to this objective which shall include:
(a) Consideration of the capabilities of M/WOB firms, including, but not limited to, determination of delivery schedules and the timing of offers that may facilitate offers from M/WOB firms;
(b) Inclusion of M/WOB firms in the Board's contracting database, which will identify eligible firms in each service category;
(c) Solicitation for a contract of as many bids or quotes from M/WOB firms in the database as is feasible under the circumstances; the contracting officer shall also solicit offers from other firms, but for any contract for which the contracting officer does not solicit bids from M/WOB firms, the contracting officer must document the reasons therefor;
(d) Placing notices of Board contracting in newspapers and communications media directed to
M/WOB firms, where feasible, when solicitations are publicly advertised; and (e) Development of standard contract provisions to ensure inclusion, to the maximum extent possible, of minorities and women, and entities owned by minorities and women, in the performance and subcontracting of all Board contracts.