Knowledge Corner

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On projects with diversity goals, regulations require that certified firms provide meaningful participation, in other words, they must provide a Commercially Useful Function on their projects. When Contractors execute agreements that include diversity goals, they are committing to utilizing certified firms in a manner consistent with the regulations.

Over these past couple of years, there has been a shift for companies and brands to be more inclusive. Often, it’s a lot of talk with some action taken at the time of the event. However, the Construction industry wanted to really make a difference. That’s why the 6 leading U.S. General Contractors teamed up to create a consortium called Time for Change.

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Almost 20% of all firms are owned by women according to the 2018 Census. That number has been increasing over the years, especially in construction.

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Many construction projects have both State & Federal Diversity participation goals that Owners, General Contractors, and even Prime Contractors are trying to achieve. These goals often require that a certain percentage of the Project’s contract value is awarded to certified MBE firms.