THE COUNCIL OF THE CITY OF PHILADELPHIA HEREBY ORDAINS:
SECTION 1. Title 17 of The Philadelphia Code is hereby amended to read as follows:
TITLE 17. CONTRACTS AND PROCUREMENT.
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CHAPTER 17-1100. LIQUIDATED DAMAGES FOR BREACH OF ECONOMIC
OPPORTUNITY PLANS.
§17-1101. Definitions.
(1) Covered Contract. A contract to which the City is a party and which includes Economic Opportunity Provisions.
(2) Economic Opportunity Provisions. Provisions in a contract that require a party to abide by the terms of an economic opportunity plan or otherwise to take action with respect to contracting and/or employment goals.
§17-1102. Required Contract Provisions.
(1) Every Covered Contract shall include a provision for liquidated damages for breach of the Economic Opportunity Provisions of such Contract. Such liquidated damages shall equal 20% of the total amount otherwise due to the breaching party under such Contract.
(2) If a Covered Contract requires a party to the contract to include Economic Opportunity Provisions in its subcontracts or in any other contracts with other parties, then the Covered Contract shall also include a provision requiring such party to include in such other contracts provisions for liquidated damages for breach of such Economic Opportunity Provisions in the amount of 20% of the total amount due the breaching party under such other contracts.
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Explanation:
Italics
indicate new matter added.
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