New York S08291 requires public contracts to be divided by size to increase opportunities for small businesses.
New York S08291 amends the state finance law to mandate that public contracts be categorized by size into large, medium, small, and micro contracts. This categorization aims to enhance opportunities for small businesses, including minority-owned and women-owned enterprises, to participate in state contracts. The commissioner or state agency is directed to divide contracts by size to the extent feasible, ensuring the most practical and economical alternative is chosen.
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- Core Provisions
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- Legal Framework
- Critical Issues
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