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Certified SBE firms that submit bids, proposals, responses or quotes in response to Airport Authority solicitations for goods and services will be eligible to receive an equalization credit.
The application of the equalization credit is dependent upon the type of solicitation. When price is the only factor in determining the award of a contract, the amount bid or proposed by a SBE firm will be reduced by a percentage (as specified below) of the lowest bid submitted by a non-SBE firm. When contracts are awarded based on multiple evaluation criteria (e.g., years of experience, price, etc.), the SBE firm will receive additional points equal to a percentage (as specified below) of the total available points.
The percentage of the equalization credit depends on the value of the contract being solicited. For contracts valued at or below $100,000, a 3% equalization credit is available. For contracts valued above $100,000, a 2% equalization credit is available. A non-certified SBE firm may receive a 1% equalization credit on any size contract if they submit a bid, proposal, response or quote that includes subcontracting opportunities for certified SBE firms valued at 30% or more of the overall contract value. A certified SBE contractor will be treated as a non-certified SBE contractor when more than 50% of the work bid, proposed or quoted is to be completed by a non-certified SBE subcontractor.
The following example shows how the equalization credit will be used to determine the successful bidder on a contract valued under $100,000, when price is the only factor in determining the award of the contract:
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