New York S07172 mandates third-party oversight of state contracting agencies' procurement procedures for minority- and women-owned businesses.

New York S07172 requires third-party oversight of state contracting agencies' procurement procedures for minority- and women-owned businesses. The bill mandates the selection of a third-party entity by the legislature and confirmation by the chief diversity officer. This entity will oversee procurement procedures and develop an evaluation system comparing agencies' utilization of minority and women-owned businesses. Contracting agencies must submit quarterly reports to the third party, including total procurement, upcoming opportunities, bid lists, and waivers.

New York S07172 mandates third-party oversight of state contracting agencies' procurement procedures for minority- and women-owned businesses.

New York S07172 requires third-party oversight of state contracting agencies' procurement procedures for minority- and women-owned businesses. The bill mandates the selection of a third-party entity by the legislature and confirmation by the chief diversity officer. This entity will oversee procurement procedures and develop an evaluation system comparing agencies' utilization of minority and women-owned businesses. Contracting agencies must submit quarterly reports to the third party, including total procurement, upcoming opportunities, bid lists, and waivers.