DRAFT 1-MARCH 1,2016 \ ~-
ORDINANCE gfr: ^gv
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CHICAGO?, ^
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SECTION 1. Section 2-92-418 ofthe Municipal Code of Chicago is hereby amended by deleting the language stricken and inserting the language underscored, as follows:
2-92-418 Contracts - Bid incentives for small business enterprise and veteran owned business enterprise eligible joint ventures and veteran-owned small local businesses.
(Omitted text is not affected by this ordinance)
"Veteran-owned business enterprise" means an enterprise which: (1) is at least 51 percent owned by one or more veterans, or in the case of a publicly held corporation, at least 51 percent of all classes of the stock of which is owned by one or more veterans, whose management, policies, major decisions and daily business operations are independently managed and controlled by one or more veterans; or (2) has been certified by the State of Illinois as a qualified service-disabled veteran-owned small business or a qualified veteran-owned small business pursuant to 30 ILCS 500/45-57.
"Veteran-owned small local business" means a business that is both a veteran-owned business enterprise and a small local business enterprise as defined in Section 2-92-670.
(Omitted text is not affected by this ordinance)
(b) (1) Unless otherwise prohibited by any federal, state or local law, for any contract advertised, or if not advertised awarded, after the effective date of this section, the chief procurement officer shall allocate a bid incentive of 5 percent ofthe contract base price to a qualified bidder when the qualified bidder is an eligible joint venture or veteran-owned small local business.
The bid incentive is used only to calculate an amount to be used in evaluating the bid to determine the low bidder, and it does not affect the contract price.
(2) The chief procurement officer may forego awarding the bid incentive under this section, under the following conditions:
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