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What is the HUD Section 3 clause?

What is Section 3? It is a means by which HUD fosters local economic development, neighborhood economic improvement, and individual self-sufficiency. Section 3 is the legal basis for providing jobs for residents and awarding contracts to businesses in areas receiving certain types of HUD financial assistance.

What is a not to exceed construction contract?

A Guaranteed Maximum Price (also known as GMP, Not-To-Exceed Price, NTE, or NTX) contract is a cost- type contract where the contractor is compensated for actual costs incurred plus a fixed fee subject to a ceiling price.

What is HUD 5370?

The form is used by Housing Authorities in solicitations to provide necessary contract clauses.

What is HUD 50071?

HUD-50070. Certification for a Drug-Free Workplace. HUD-50071. Certification of Payments to Influence Federal Transactions.

What is a 4010 HUD?

U.S. Department of Housing and Urban Development. Federal Labor Standards Provisions.

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