Section 220-RICR-80-15-1.12 - Annual UpdateA. All certified firms shall update their business information on an annual basis. Failure to furnish requested information may result in loss of certification, after being provided with the opportunity to be heard by the MBECO.B. DOA shall issue a Notice of Pending Expiration of Certification or Notice of Annual Update Request to each VBE approximately sixty (60) days before the experience of the certification period or the annual update anniversary date. However, failure to DOA to issue the notice or failure of the certified VBE firm to receive the notice shall not extend the existing certification period nor relieve the VBE of the obligation to submit a timely application for recertification or annual update in accordance with this section.C. The application for Renewal of Certification or Annual Update shall be submitted to DOA not less than thirty (30) days before the date of expiration of the existing certification or the annual update anniversary date.D. Applications for recertification and annual updates shall meet all of the requirements for application for certification set form in these regulations with all information and documents updated to the date of the application for renewal or annual update anniversary date.E. Failure of a certified firm to recertify or provide annual update submittals in a timely manner will result in the firm not being recertified by DOA. A firm that fails to provide all information required for recertification must submit a new certification application, with all accompanying documents and this application will be processed as prescribed in these regulations.220 R.I. Code R. 220-RICR-80-15-1.12
Adopted effective 7/3/2019