Relates to requiring third party oversight over the state's contracting agency's procurement procedure specific to the use of minority- and women-owned businesses.
Summary
Bill S07172 proposes to amend the executive law by introducing a requirement for third-party oversight of state contracts involving minority and women-owned businesses. This oversight will be conducted by an independent entity selected by the legislature and confirmed by the chief diversity officer. The third-party entity will be responsible for monitoring the procurement procedures of contracting agencies to ensure compliance with established goals for minority and women-owned business participation.
Impact
The bill aims to enhance transparency and accountability in the procurement process for state contracts, particularly those involving minority and women-owned businesses. By instituting a third-party oversight mechanism, the bill seeks to ensure that contracting agencies adhere to their obligations under existing laws and promote equitable opportunities for these businesses. This could lead to increased participation of minority and women-owned businesses in state contracts and potentially influence future procurement policies.
Sentiment
The sentiment surrounding Bill S07172 appears to be generally supportive, particularly among advocates for minority and women-owned businesses who see this as a step towards greater equity in state contracting. However, there may be concerns regarding the implementation and effectiveness of the oversight process, as well as potential pushback from contracting agencies that may view this as an additional regulatory burden.
Contention
Notable points of contention may arise regarding the selection process for the third-party entity and the potential costs associated with implementing this oversight. Some contracting agencies might argue that the additional oversight could complicate their procurement processes or slow down contract approvals. Advocates for minority and women-owned businesses, on the other hand, may argue that such oversight is necessary to ensure compliance and accountability.
Same As
Relates to requiring third party oversight over the state's contracting agency's procurement procedure specific to the use of minority- and women-owned businesses.
Relates to requiring third party oversight over the state's contracting agency's procurement procedure specific to the use of minority- and women-owned businesses.
Establishes Division of Minority and Women Business Development and State Chief Disparity Officer to monitor efforts to promote participation by minority-owned and women-owned businesses in State contracting.
Establishes minority youth-owned business enterprises in the state of New York and the city of New York; creates certain contracting opportunities for members of minority youth-owned business enterprises; establishes an implementation program and oversight committee for minority youth-owned business enterprises.
Authorizes State Chief Diversity Officer to conduct disparity study concerning utilization of minority-owned and women-owned businesses in State procurement process.
Relates to requiring that the annual report from the division of minority and women's business development contain information on the annual minority and women-owned business enterprise utilization and expenditure categorized by minority-owned enterprises, women-owned enterprises, and total utilization and expenditure, and be organized by certain industry categories.
Relates to requiring that the annual report from the division of minority and women's business development contain information on the annual minority and women-owned business enterprise utilization and expenditure categorized by minority-owned enterprises, women-owned enterprises, and total utilization and expenditure, and be organized by certain industry categories.