Participation of MBEs and FBEs in Joint Ventures is encouraged. When a certified MBE or FBE Joint Venture participates in a Contract to which MBE and or FBE goals apply, the MBE’s or FBE’s participation value will be measured by first determining the percentage of the MBE’s or FBE’s participation in the MBE or FBE Joint Venture, and then multiplying that percentage by the value of the MBE or FBE Joint Venture’s participation in the Contract.
(Ord. No. 77-08. Passed 2-4-08, eff. 3-15-08)