Form CONST-3 Affirmation of Income Payments to Mbe / Wbe and / or Sdvob - New York

What Is Form CONST-3?

This is a legal form that was released by the New York State Homes and Community Renewal - a government authority operating within New York. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is the Form CONST-3?
A: The Form CONST-3 is an Affirmation of Income Payments to MBE/WBE and/or SDVOB in New York.

Q: What is MBE?
A: MBE stands for Minority Business Enterprise. It refers to a business that is owned, operated, and controlled by a minority group.

Q: What is WBE?
A: WBE stands for Women Business Enterprise. It refers to a business that is owned, operated, and controlled by women.

Q: What is SDVOB?
A: SDVOB stands for Service-Disabled Veteran-Owned Business. It refers to a business that is owned, operated, and controlled by service-disabled veterans.

Q: Who needs to fill out the Form CONST-3?
A: Contractors and subcontractors who have income payments to MBE/WBE and/or SDVOB in New York need to fill out this form.

Q: What is the purpose of the Form CONST-3?
A: The purpose of the Form CONST-3 is to provide a record of income payments to MBE/WBE and/or SDVOB businesses in New York.

Q: Are there any deadlines for submitting the Form CONST-3?
A: Yes, contractors and subcontractors are typically required to submit the Form CONST-3 on a monthly or quarterly basis, depending on the contract requirements.

Q: What information do I need to provide in the Form CONST-3?
A: You will need to provide information about the income payments made to MBE/WBE and/or SDVOB businesses, including the name of the business, the amount of payment, and the date of payment.

Q: Is the Form CONST-3 mandatory?
A: Yes, contractors and subcontractors who have income payments to MBE/WBE and/or SDVOB in New York are required to fill out the Form CONST-3 to comply with contract regulations and ensure transparency and accountability in business transactions.