LAWA'S TRAILBLAZING CONTRACTING MODEL FOR CAPITAL IMPROVEMENT PROJECTS BREAKS INCLUSIVITY RECORDS, SETS NEW STANDARDS
LOS ANGELES, April 29, 2024 /PRNewswire/ -- Los Angeles World Airports (LAWA)'s latest Multiple Award Task Order Contract (MATOC), representing nearly $1 billion in contracting value, received approval from Los Angeles City Council on April 26, 2024. The Council's endorsement follows earlier consent from the City of Los Angeles's Travel, Trade and Tourism Committee and LAWA's Board of Airport Commissioners (BOAC). The occasion marks a groundbreaking moment for LAWA and its dedication to creating new and lasting economic pathways for local, diverse, veteran, small and micro businesses with a historic number of first time and new-to-LAWA participants.
- LAWA's Trailblazing Contracting Model for Capital Improvement Projects Breaks Inclusivity Records, Sets New Standards
"After supporting this game-changing MATOC with my fellow BOAC members, I commend the City on its unanimous decision to ratify this vital contract," said Karim Webb, President, Board of Airport Commissioners. - Previously, the Program Services MATOC had an inclusivity requirement of 20% for Small Business Enterprises (SBEs).
- This contracting model eliminates the need to negotiate additional service terms, greatly increasing efficiencies for both contractors and the client.
- LAWA's measurable inclusivity investments are fostering equitable economic growth and resiliency in Los Angeles and the greater Southern California region.