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*SB0503.1* February 9, 2007, SENATE BILL No. 503 DIGEST OF SB 503 (Updated February 7, 2007 6:12 pm DI 104) Citations Affected: IC 422; IC 127; IC 1215; IC 1216; IC 278; noncode. Synopsis: Healthier
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503 digest of sb is a form used to report specific information about small business subcontracting activities.
Federal contractors and subcontractors that have small business subcontracting plans are required to file 503 digest of sb.
To fill out 503 digest of sb, you need to provide information about the total amount of subcontracting planned, actual subcontracting accomplishments, and other relevant data. The form can be filled out electronically or manually.
The purpose of 503 digest of sb is to track and monitor the subcontracting activities of federal contractors and subcontractors with small business subcontracting plans.
The information that must be reported on 503 digest of sb includes the names and addresses of small business subcontractors, the total dollar amount planned for subcontracting, the total dollar amount actually subcontracted, and other related information.
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