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This document outlines the policy and requirements for developing a HUB Subcontracting Plan as mandated by Texas law, aimed at promoting equal business opportunities for economically disadvantaged
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How to fill out historically underutilized business subcontracting
How to fill out Historically Underutilized Business Subcontracting Plan
01
Begin with the title and purpose of the subcontracting plan.
02
Provide the name and contact information of your business.
03
List the specific goals for using Historically Underutilized Businesses (HUBs) in the project.
04
Describe the scopes of work that will be subcontracted to HUBs.
05
Identify the HUBs you plan to work with, including their contact information.
06
Outline the methods you will use to solicit HUB participation.
07
Include a plan for monitoring and reporting progress towards your HUB goals.
08
Sign and date the plan to certify its accuracy.
Who needs Historically Underutilized Business Subcontracting Plan?
01
Businesses seeking government contracts that require a subcontracting plan.
02
Organizations aiming to promote inclusivity and support HUBs in their procurement processes.
03
Companies looking to meet specific diversity and inclusion requirements set by clients or regulatory bodies.
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People Also Ask about
What is a hub in industry?
A hub business is a central point of activity, focus, or connectivity that facilitates the exchange of goods, services, information, or resources. It serves as a focal point for business operations and interactions within a specific industry or region.
What is a subcontracting plan?
A subcontracting plan is a formal document that outlines how a prime contractor intends to utilize small businesses, including those owned by minorities, women, and veterans, in fulfilling the demands of a government contract.
What does hub mean in a business?
A Historically Underutilized Business (HUB) is a corporation, sole proprietorship, partnership or a joint venture formed for the purpose of making a profit in which at least 51 percent ownership of the business is by a woman, minority and/or service-disabled veteran.
What is an HSP document?
Specifically, an HSP is written documentation regarding the use of subcontractors, which is required to be submitted with all responses to state agency contracts with an expected value of $100,000 or more where subcontracting opportunities have been determined by the state agency to be probable.
What is a hub 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 does hub mean in business?
A business hub is a center or geographic concentration that brings together companies, entrepreneurs, investors and other relevant players in a given sector or industry. It is characterized as a vibrant and dynamic business ecosystem, where collaboration, innovation and knowledge sharing are encouraged.
What is an example of a business hub?
New York City, United States: New York City is a global financial and business hub, hosting the New York Stock Exchange and numerous multinational corporations. It's a center for finance, media, technology, and culture. Tokyo, Japan: Tokyo is a hub for finance, technology, and innovation in Asia.
What is the full meaning of hub?
a. : a center of activity : focal point. The island is a major tourist hub. b. : an airport or city through which an airline routes most of its traffic.
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What is Historically Underutilized Business Subcontracting Plan?
A Historically Underutilized Business Subcontracting Plan is a strategic framework created to promote the use of businesses owned by historically underutilized groups in government contracts and procurement activities.
Who is required to file Historically Underutilized Business Subcontracting Plan?
Entities receiving contracts that meet certain dollar thresholds with state agencies are typically required to file a Historically Underutilized Business Subcontracting Plan.
How to fill out Historically Underutilized Business Subcontracting Plan?
Filling out the plan involves identifying potential subcontracting opportunities, determining the goals for subcontracting to historically underutilized businesses, and providing details on outreach efforts and commitments.
What is the purpose of Historically Underutilized Business Subcontracting Plan?
The purpose is to ensure that historically underutilized businesses have equitable access to subcontracting opportunities, fostering diversity and inclusion in government procurement.
What information must be reported on Historically Underutilized Business Subcontracting Plan?
The report must include business profiles of subcontractors, the scope of work assigned, anticipated dollar amounts, and the outreach efforts made to historically underutilized businesses.
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