Dictionary of Procurement Terms

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: Goal, Set-Aside.

1. An observable end result that can be specific and measurable and can helps 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 Goal.