Dictionary of Procurement Terms

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Search Results: 1-2 of 2 results for “Goals”

  • Contract Goals

    A term generally used in construction projects in seeking a good faith effort on the part of the prime contractor to have a certain level of minority subcontracting participation in the entity’s project.

    See Also: Goals, Set-Aside

  • Goals

    1. Observable end results that help to further define an organization by giving it direction. 2. A contract term often used in seeking MBE/WBE (Minority- and Women-Owned Business Enterprises) participation. A level of expectation that a supplier will make a good faith effort to achieve the predetermined percentage of this participation upon award.

    See Also: Set-Aside, Contract Goals