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The document outlines the policy and procedures established by The University of Texas System Office of Facilities Planning and Construction for the utilization of Historically Underutilized Businesses
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How to fill out Policy on Utilization of Historically Underutilized Businesses
01
Begin with the title: 'Policy on Utilization of Historically Underutilized Businesses'.
02
Provide an introduction explaining the purpose of the policy.
03
Define key terms such as 'Historically Underutilized Businesses' (HUBs).
04
Outline the objectives of the policy, such as increasing participation of HUBs.
05
Specify the scope of the policy, including which departments or projects it applies to.
06
Detail the commitment of the organization to HUBs, including strategies for outreach and support.
07
Include guidelines for procurement processes that favor HUBs, like setting goals or quotas.
08
Describe reporting and accountability measures to monitor compliance with the policy.
09
Provide a section for training and resources available to staff regarding HUBs.
10
Finish with a conclusion emphasizing the importance of supporting HUBs.
Who needs Policy on Utilization of Historically Underutilized Businesses?
01
Organizations and government agencies aiming to promote diversity in business partnerships.
02
Contractors and suppliers seeking to understand their obligations related to HUBs.
03
Procurement staff and decision-makers responsible for purchasing and contracting.
04
Members of the community focused on economic development and equity.
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What is Policy on Utilization of Historically Underutilized Businesses?
The Policy on Utilization of Historically Underutilized Businesses (HUB) aims to promote the participation of businesses owned by historically underrepresented groups in government contracting and procurement activities.
Who is required to file Policy on Utilization of Historically Underutilized Businesses?
All state agencies and institutions that engage in procurement activities are required to file a Policy on Utilization of Historically Underutilized Businesses.
How to fill out Policy on Utilization of Historically Underutilized Businesses?
To fill out the Policy on Utilization of Historically Underutilized Businesses, agencies must complete a standard form, providing details about their plans to engage HUBs, including goals, outreach efforts, and strategies for increasing participation.
What is the purpose of Policy on Utilization of Historically Underutilized Businesses?
The purpose of the Policy on Utilization of Historically Underutilized Businesses is to ensure equitable opportunities for HUBs in the public sector and to foster diverse participation in government contracts.
What information must be reported on Policy on Utilization of Historically Underutilized Businesses?
Agencies must report information such as the number of contracts awarded to HUBs, the total dollar amount of those contracts, outreach efforts made to solicit HUB participation, and any challenges faced in meeting HUB utilization goals.
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