Amending reporting requirements related to M/WBE participation.

A Local Law to amend the administrative code of the city of New York, in relation to amending reporting requirements related to M/WBE participation

Currently, agencies are required to report information on the number and total dollar amount of contracts awarded (by status as minority-owned business enterprise (MBE), women-owned business enterprise (EBE), emerging business enterprise (EBE), and non-certified firm) only for those contracts where the agency set participation goals. This bill would remove this limitation and instead provide this information for all agency contracts. Additionally, the bill would amend the contractual value ranges for which information is reported by clarifying that the number and total value of contracts must be reported by: those contracts at or below the micro-purchase limit, between the micro-purchase limit and the small purchase limit, and between the small purchase limit and $1 million (in addition to the already existing ranges of $1-5 million, $5-20 million, and above $25 million). Finally, the bill would require that the data providing a basis for the M/WBE report be made available to the Council electronically in an extractable format.