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This document outlines the policy of the University of Texas MD Anderson Cancer Center regarding the utilization of Historically Underutilized Businesses (HUBs) in contracting opportunities to promote
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How to fill out hub subcontracting plan

How to fill out HUB Subcontracting Plan
01
Begin with reviewing the HUB Subcontracting Plan template provided by the agency.
02
Identify your agency's goals for HUB participation and include specific targets.
03
List all proposed subcontractors, including their HUB certification status.
04
Outline the scope of work to be subcontracted.
05
Clearly define the roles and responsibilities of both the prime contractor and subcontractors.
06
Indicate the methods of communication and reporting for tracking subcontractor performance.
07
Include an explanation of how the plan will be monitored and enforced throughout the contract period.
08
Ensure all signatures and necessary certifications are completed before submission.
Who needs HUB Subcontracting Plan?
01
Any business or contractor seeking to bid on state or local government contracts in Texas that require a HUB Subcontracting Plan.
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People Also Ask about
What is a fair percentage for a subcontractor?
Calculating a good rate for a subcontractor should start with the basics: labor plus materials. Then, profit is typically between three and five percent of the project total.
What is a reasonable contractor fee?
General contractors charge a 10% to 20% fee percentage of construction costs for large projects and a fixed, daily, or hourly rate for small jobs. Contractor hourly rates are $50 to $150 per hour on average. General contractor pricing depends on the labor and material costs, project size, and location.
What is a hub subcontracting plan?
A HUB Subcontracting Plan (HSP) is a form completed by prospective prime contractors regarding the planned use of subcontractors, which is required to be submitted with all solicitation responses with an expected value of $100,000 or more for other goods and services paid with non-federal funds, and more than $150,000
What percentage should I pay a subcontractor?
As a very rough rule of thumb, the profit for the subcontractor should lie somewhere between 3-5% of the total job, but there is no fixed rule. Where there is some room in your agreement for negotiation is what you consider the margin for profit and what you might classify as 'contingency. '
What is subcontracting in English?
Meaning of subcontracting in English the act of paying an outside person or organization to do work that might normally be done within an organization: Subcontracting is very common in the oil industry.
What is the profit margin for a subcontractor?
Checks. Tried and true, checks are simple, relatively cheap, and there's no need to sign up for an app or money transfer service. ACH Transfers. Credit Cards. Wire Transfers. Online Payment Systems. Accounting Software and Automation. Freelancer Platforms.
What is included in a subcontracting plan?
Individual Plan: This subcontracting plan covers the entire contract period (including option periods), applies to a specific contract, and has goals that are based on the offeror's planned subcontracting in support of the specific contract.
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What is HUB Subcontracting Plan?
The HUB Subcontracting Plan is a document that outlines how a prime contractor will utilize Historically Underutilized Businesses (HUBs) in their subcontracting efforts. It aims to promote the inclusion of HUBs in government contracts.
Who is required to file HUB Subcontracting Plan?
Prime contractors who are awarded contracts with state agencies for goods and services that exceed a certain threshold are required to file a HUB Subcontracting Plan.
How to fill out HUB Subcontracting Plan?
To fill out a HUB Subcontracting Plan, contractors must provide detailed information on the anticipated subcontracting opportunities, the specific HUBs they plan to engage with, and the proposed goals for utilization of HUBs.
What is the purpose of HUB Subcontracting Plan?
The purpose of the HUB Subcontracting Plan is to ensure that prime contractors actively include and engage HUBs in the performance of contracts, thereby promoting diversity and equitable participation in government contracting.
What information must be reported on HUB Subcontracting Plan?
The information that must be reported includes the names of HUBs, descriptions of the work to be subcontracted, the anticipated dollar amounts, and the percentage goals for HUB participation.
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