The command and responsibility to impose and execute Section 3 is statutorily with the HUD. There have been no updates since 1994 of the HUD’s regulation on imposing the Section 3 requirements. This proposed rule will update the HUD’s Section 3 regulations to address recent programs which were established since 1994 and are subject to demands of Section 3 and promotes compliance with the requirement of Section 3 by the recipients of covered financial assistance under Section 3, while also recognizing the issues to compliance which could exist and providing strength to HUD’s overview of Section 3. In this session, expert speaker Paul Flogstad will provide a detailed insight at the proposed updated rule and analyze the effect.
The purpose of Section 3 is to serve the Employer in providing the particular information in regard to instructions to bidders, procurement and must be made according to every particular procurement.
The bid evaluation criteria applying to the bids, the applicable rules concerning Bid Price and currency, the procurement process, the bidding data requirement and information specific to the circumstances of the employer should be provided by the employer. The following aspects should be inspected in preparing Section III:
There will be a synopsis of Section III basics to lay the groundwork for the procurement part of Section3.
There are many regulations and rules in Section III and few of them can be a little confusing. Therefore, it is with the procurement process. This session will provide you a “road map” through the regulations so that no mistakes will be made by you and all concerned will benefit.
Who should attend?
Paul has been involved in the real estate industry for the past 38 years. He has been involved in sales, construction, project management, appraisal, property management and property management consulting/training. Through his consulting company, Property Management Solutions, he provides training and consulting servi... More info