§ 17-332. Graduation.

(a)

Graduated minority/women business enterprises may not be utilized to satisfy contract participation goals except as provided under subsection 17-332(b). A certified minority/women business enterprise shall graduate from the minority/women business enterprise program when the following criteria are met:

(1)

Construction and suppliers: The minority/women business enterprise's three-year averaged annual company net worth is greater than two million three hundred thousand dollars ($2,300,000.00); and

(2)

Professional services: The minority/women business enterprise's three-year averaged annual company net worth is greater than two million three hundred thousand dollars ($2,300,000.00).

All firms certified as minority/women business enterprises must provide evidence of having bid on contracts to the extent such bidding opportunities are available.

(b)

Notwithstanding the criteria set forth in subsection 17-332(a), graduated minority/women business enterprise firms can be utilized to satisfy contract participation goals established for minority/women business enterprises on the following class of projects;

(1)

Vertical construction awards which are greater than ten million dollars ($10,000,000.00). Vertical construction is any construction of a structure or building which requires a contractor's license.

(2)

Horizontal construction awards which are greater than seven million dollars ($7,000,000.00). Horizontal construction awards include, but are not limited to roadwork, sitework, drainage or utilities work.

(3)

Other construction awards greater than seven million dollars ($7,000,000.00).

(4)

Professional service contract awards where the aggregate fees are greater than five hundred thousand dollars ($500,000.00)

(Ord. No. 98-25, § 9, 10-6-98; Ord. No. 2009-21 , § 3, 8-25-09)