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This document outlines the policy and requirements regarding the utilization of Historically Underutilized Businesses (HUBs) by state agencies in Texas, specifically for projects involving contracts
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How to fill out hub subcontracting plan
How to fill out HUB Subcontracting Plan
01
Obtain the HUB Subcontracting Plan template from the appropriate government agency.
02
Review the requirements and guidelines provided in the template carefully.
03
Fill in the business information, including your DUNS number and contact details.
04
Identify and describe the work to be subcontracted.
05
Specify the planned subcontracting goals for HUB (Historically Underutilized Business) participation.
06
Outline the strategies you will use to ensure HUB participation.
07
Include any outreach efforts to engage HUBs during the subcontracting process.
08
Provide any necessary supporting documentation, such as prior experience with HUBs.
09
Review the completed plan for accuracy and completeness before submission.
10
Submit the plan to the designated agency official by the required deadline.
Who needs HUB Subcontracting Plan?
01
Any business or contractor bidding on government contracts that exceed certain thresholds.
02
Organizations seeking to promote diversity and inclusion within their procurement processes.
03
Entities required by law to demonstrate their commitment to utilizing HUBs in subcontracting.
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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 contractor intends to utilize Historically Underutilized Businesses (HUBs) in their procurement and subcontracting processes.
Who is required to file HUB Subcontracting Plan?
Contractors who are bidding on state contracts that surpass a certain dollar amount and are required to demonstrate good faith efforts in subcontracting to HUBs must file a HUB Subcontracting Plan.
How to fill out HUB Subcontracting Plan?
To fill out a HUB Subcontracting Plan, contractors must provide specific information including the overall percentage goal of HUB participation, identify subcontracting opportunities, list the HUBs they plan to use, and describe practices to engage these businesses.
What is the purpose of HUB Subcontracting Plan?
The purpose of the HUB Subcontracting Plan is to promote economic development by ensuring that a fair portion of state contracts is awarded to qualified HUBs, thereby enhancing participation of minority and women-owned businesses.
What information must be reported on HUB Subcontracting Plan?
The HUB Subcontracting Plan must report information such as the committed amounts to HUBs, types of goods or services to be subcontracted to HUBs, and any outreach efforts made to solicit HUB participation.
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