The cornerstone of the MBE Program and key performance measure is the dollar value of total contract payments made to MBEs. In alignment with the goals of the MBE Program, WSSC continues to implement strategies to increase total contract payments to value-driven MBEs each fiscal year, based on the Disparity Study. On March 15, 2017, WSSC approved Standard Procedure MBE 2017-004, which supplanted SP MBE 11-01. In FY 2017, WSSC spent $156.9 million (27%) in total contract payments to M/WBEs (Figure 1) as compared to $114.8 million (20%) in total contract payments made in FY 2016 (Figure 2). MBE TOTAL CONTRACT PAYMENTS FIGURE 1: FY 2017 M/WBE TOTAL CONTRACT PAYMENTS Majority $431,874,399 27% M/WBE $156,900,804 73% Total Contract Payments: $588,775,203 The abbreviation “M/WBE” includes women- owned business enterprises (“WBEs”) as well as minority-owned firms that have obtained MBE certification as provided in SP MBE 2017-004 FIGURE 2: FY 2016 M/WBE TOTAL CONTRACT PAYMENTS Majority $472,666,623 20% M/WBE $114,832,166 80% Total Contract Payments: $587,498,789