QUESTION
How does NYCHA verify and vet vendors and their ownership?
2:16:08
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68 sec
The New York City Housing Authority (NYCHA) is modifying its vendor verification and vetting process in accordance with Department of Education (DOE) recommendations.
- The vetting process, part of the vendor integrity program, will now include checks on ownership, corporate structure, and related parties.
- Vendors must submit a passport filing disclosing their structure, related parties, and companies during the Vendor Name Check (VNC) passport process.
- The Department of Education conducts a name check and notifies NYCHA of any potential discriminatory issues.
- Changes to the process are aimed at ensuring vendors doing business with NYCHA meet certain integrity and transparency standards.
Chris Banks
2:16:08
How do you how do you verify the contract or the vendor?
2:16:14
If if they have any ownership or interest, what what what does the vetting process look like?
Lisa Bova Hiatt
2:16:21
I will turn that over to our Chief Procurement Officer for that answer.
Sergio Paneque
2:16:25
So given the recommendations from DOE, this will be changing.
2:16:30
They'll be part of the vendor integrity.
2:16:33
Process will also include any sort of ownership requirements, corporate structure, related parties and things of that nature at the micro level.
2:16:42
Basically, anybody doing business with Metro.
2:16:45
But prior to that, that's part of the VNC process, the vendor name check passport process.
2:16:52
You submit a passport filing, And with that passport filing, you're required to disclose your certifications and representations as far as how you're structured.
2:17:02
Related parties, related companies, and what have you.
2:17:05
And then that then goes forward in DOE, then does a a under name check, and and provides us with a memo to anything that may be of discriminatory nature.
Chris Banks
2:17:16
Okay.