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HUBZone
The
HUBZone is a federal government program that assists small businesses in
getting contracts with federal agencies.
HUBZone firms get set aside awards, sole source awards, and price
preferences (will get the contract if bid is not more than 10% higher
than lowest bid).
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Federal
Contract Benefits -
There are four types of HUBZone contract opportunities:
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Competitive:
Contracts can be set-aside for HUBZone competition when the contracting
officer has a reasonable expectation that at least two qualified HUBZone
small business concerns (SBCs) will submit offers and that the contract
will be awarded at a fair market price.
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Sole-source:
HUBZone contracts can be awarded if
the contracting officer determines that:
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only one qualified HUBZone SBC is
responsible to perform the contract,
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two or more qualified HUBZone SBCs are
not likely to submit offers and
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the anticipated award price of the proposed contract, including
options, will not exceed:
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$5 million for a requirement within the North
American Industry Classification System (NAICS) code
for manufacturing or
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$3 million for a
requirement within all other NAICS codes
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Full
and open
competitive contracts can be awarded with a price evaluation preference.
The offer of the HUBZone small business must not be 10 percent higher
than the offer of a non-small business.
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Subcontracting:
All subcontracting plans for
large business Federal contractors must include a HUBZone subcontracting
goal.
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Other
Specialized Assistance –
Eligible
HUBZone firms can qualify for higher SBA-guaranteed surety bonds on
construction and service contract bids.
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For more information about HUBZone,
click
here.
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Other Financial
Incentive Programs |
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