Socioeconomic Programs Status Page Four
Table 4 illustrates the utilization of the Certified Small Businesses/Small Business Reserve Program for Q4 FY 2025. SBR-designated firms received $1.6 million of the $555 million in procurement awards during this period. Non-SBR-designated awards for this quarter were over $13.8 million. MDTA's CSB/SBR awards totaled over $15.5 million (2.80%) for all SBR awards (designated and non- designated). Veteran-Owned Small Business Enterprise (VSBE) Program CRFP's Compliance Officers monitor State-funded projects to ensure compliance with Maryland's Veteran-Owned Small Business Enterprise (VSBE) Program. The VSBE Program provides contracting opportunities for state-funded procurements for qualified veteran-owned small businesses. In accordance with COMAR 21.11.03.01, each State procurement agency is required to structure its procedures for making procurements to achieve an overall minimum goal of one percent (1%) of the unit's total dollar value of all procurement contracts made directly or indirectly with veteran-owned small business enterprises. Effective September 2024, the Veteran Small Business Enterprise State goal was increased to three percent (3%). Table 5 illustrates VSBE contract participation by contracting area for Q4 FY2025. Through this period, VSBE firms received $4.5 million (.82%) of the over $551.9 million in contracts awarded by the MDTA. VSBE participation for Q4 FY 2025 is calculated by dividing the total contract award dollars to VSBE firms by all contract awards. Major Initiatives CRFP continues the following strategies focused on outreach, training, and data analysis to achieve its mission of championing socio-economic programs: • PRISM Contract Compliance System: PRISM is a contract compliance system that supports payment and contract compliance, performance management functionality, and compliance workflow automation throughout the entire performance management contracting cycle, from pre- solicitation to contract closeout. PRISM includes the following capabilities: vendor registration, vendor management, contract management, labor management, outreach management, and dashboard and reporting. The following is an update on the status of the PRISM implementation: o Final User Acceptance meetings for implementation were completed in August 2024. o Contracts transitioning from active to inactive within six months to one year of the implementation of PRISM have continued to run through the iFMIS compliance monitoring system. CRFP will cease using iFMIS for contract compliance once all non- migrated contracts have been deemed closed and no longer require goal attainment and payment monitoring. o The MBE, DBE, VSBE, and CSB/SBR payments and goal attainment of all newly awarded MDTA contracts are being monitored for compliance utilizing the PRISM Contract Compliance System. o CRFP continues to work with the Agency’s internal MAXIMO team to create reporting enhancements.
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