Socioeconomic Programs Status Page Four $2.2 million. MDTA's CSB/SBR awards totaled over $3.8 million (2.62%) 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 (1) percent 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 (3) percent. Table 5 depicts VSBE contract participation by contracting area for Q2 FY 2025. During this period, VSBE firms received $1.9 million (1.33%) of the over $145.9 million in contracts awarded by the MDTA. VSBE participation for Q2 FY 2025 is calculated by dividing the total contract award dollars to VSBE firms by all contract awards. Major Initiatives CRFP has enacted 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 for the whole 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 have been completed in August 2024. o Some State Contracts are currently running parallel in PRISM and iFMIS. CRFP will cease using iFMIS for contract compliance by the end of 2 nd Quarter FY 2025. • In-person Outreach Events: Civil Rights and Fair Practices held their third 2024 in- person event titled "Doing Business with the MDTA," on Thursday, September 19, 2024. o The following outreach events have been scheduled for 2025:
Tuesday, March 25, 2025 Tuesday, June 17, 2025 Wednesday, September 17, 2025
Made with FlippingBook - professional solution for displaying marketing and sales documents online