73.20 - DETERMINATION OF ABILITY TO PERFORM. - Iowa Statutes

73.20 DETERMINATION OF ABILITY TO PERFORM. Before announcing a contract award pursuant to the targeted small business procurement goal program, the purchasing authority shall evaluate whether the targeted small business scheduled to receive the award is able to perform the contract. This determination shall include consideration of production and financial capacity and technical competence. If the purchasing authority determines that the targeted small business may be unable to perform, the director of the department of economic development shall be notified and shall assist the targeted small business pursuant to section 15.108, subsection 7, paragraph "c", subparagraph (3).          SectiHistory: Recent Form 86 Acts, ch 1245, § 836; 90 Acts, ch 1156, § 10 Referred to in § 8A.311, 10A.104, 11.46, 12E.12, 15.108, 97B.7A