The Tennessee CC-3 form is a crucial document utilized within the state's Small Business Development Program. It serves to certify that payments have been made to Disadvantaged Business Enterprises (DBEs) for work performed under specific contracts. Ensuring that this form is included in project files is essential for final acceptance, as it verifies compliance with financial obligations to DBEs.
The Tennessee CC 3 form plays a crucial role in the state's Small Business Development Program, particularly in ensuring that disadvantaged business enterprises (DBEs) receive the payments they are entitled to for the work they perform. This form is a certification document that must accompany project files to confirm that payments have been made in full to DBEs as stipulated in their contracts. It requires the signatures of both the contractor and the DBE owner or authorized representative, affirming that the financial transactions have been completed as agreed. Essential details such as the contract number, county, and the amounts paid to the DBEs are included to provide a clear financial record. By requiring this certification, the form helps maintain transparency and accountability in the procurement process, ultimately supporting the growth and sustainability of small businesses within the community. Understanding the significance of the CC 3 form is vital for contractors and DBEs alike, as it ensures compliance with state regulations and fosters a fair business environment.
What is the purpose of the Tennessee CC-3 form?
The Tennessee CC-3 form serves as a certification regarding payments made to Disadvantaged Business Enterprises (DBEs). It ensures that DBEs have been compensated in full for the work they performed under a contract. This form is essential for compliance with the Small Business Development Program.
Who needs to fill out the CC-3 form?
The form must be filled out by the owner or an authorized representative of the contractor who has engaged a DBE. Both the contractor and the DBE need to sign the form to certify that payments have been made as agreed in the contract.
What information is required on the CC-3 form?
Key details needed on the form include:
When should the CC-3 form be submitted?
The CC-3 form should be submitted as part of the final documentation for a project. It should not be accepted as final without this form included, ensuring that all payments to DBEs have been verified and documented.
What happens if the CC-3 form is not submitted?
If the CC-3 form is not submitted, the project may not be considered complete. This could lead to delays in final payments or potential penalties for non-compliance with state regulations regarding DBE payments.
Can the CC-3 form be modified?
While the form itself should remain unchanged to maintain its integrity, the information filled out can be adjusted as necessary to reflect accurate payment details. However, any modifications should be done with care to ensure compliance with all relevant guidelines.
Is there a deadline for completing the CC-3 form?
There is no specific deadline for filling out the CC-3 form, but it should be completed and submitted before the final acceptance of the project. It is best to address this form early in the project’s completion process to avoid any last-minute issues.
Where can I find the CC-3 form?
The CC-3 form can typically be found on the Tennessee Department of Transportation's website or through their Small Business Development Program resources. It is important to use the most current version of the form to ensure compliance.
Who can I contact for assistance with the CC-3 form?
If you need help with the CC-3 form, you can reach out to the Tennessee Department of Transportation or your local Small Business Development Center. They can provide guidance and answer any questions you may have about the certification process.
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The Tennessee CC-3 form is crucial for ensuring that payments to Disadvantaged Business Enterprises (DBEs) are properly documented. Alongside this form, several other documents are commonly used to facilitate compliance and transparency in contracts involving DBEs. Below are four key documents that often accompany the CC-3 form.
Understanding these documents can help ensure that all parties fulfill their obligations and maintain compliance with state regulations. Proper documentation fosters trust and accountability in business relationships.