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HUB Subcontracting Plan (HSP) Prime Contractor Progress Assessment Report This form must be completed and submitted to the contracting agency each month to document compliance with your HSP. Contract/Requisition

How to fill out hub subcontracting plan hsp

How to fill out hub subcontracting plan (HSP)?

1. Understand the purpose of the HSP: The hub subcontracting plan (HSP) is a requirement for federal contracts that exceed a certain dollar threshold, aimed at promoting subcontracting opportunities for historically underutilized businesses (HUBs). Familiarize yourself with the specific requirements and guidelines provided by the contracting agency.
2. Gather the necessary information: Before you begin filling out the HSP, collect relevant information such as the prime contractor's name, address, and contact details, as well as the anticipated contract value and performance period. Additionally, identify the specific categories or types of subcontracting opportunities that may be suitable for HUBs.
3. Determine subcontracting goals: Determine the subcontracting goals as outlined by the contracting agency. These goals typically specify the percentage of the total contract value that should be allocated to HUBs. Ensure that your proposed subcontracting goals align with the agency's requirements.
4. Identify potential HUB subcontractors: Research and identify HUBs that could potentially fulfill the subcontracting opportunities outlined in the HSP. Consider factors such as the HUB's experience, capacity, and certifications. Maintain a list of potential subcontractors and their contact information for future reference.
5. Describe the subcontracting opportunities: Clearly describe the subcontracting opportunities within the HSP, including the scope of work, estimated dollar value, and anticipated subcontracting periods. Make sure to provide sufficient details that will help potential HUB subcontractors understand the requirements and submit competitive proposals.
6. Outline the HUB's role and commitment: When filling out the HSP, describe the role and commitment of the HUBs in fulfilling the subcontracting opportunities. Explain how you will identify, select, and communicate with potential HUB subcontractors throughout the contract performance period. Emphasize your commitment to ensuring fair and equitable opportunities for HUBs.

Who needs hub subcontracting plan (HSP)?

1. Prime contractors bidding on federal contracts exceeding a certain dollar threshold are required to complete a hub subcontracting plan (HSP). This requirement applies to contractors who anticipate subcontracting a portion of the work to historically underutilized businesses (HUBs).
2. Federal agencies and contracting officers utilize the HSP to evaluate a prime contractor's strategy and commitment to promoting subcontracting opportunities for HUBs. The HSP assists in ensuring compliance with relevant regulations and policies intended to promote HUB participation in government contracts.
3. Small and disadvantaged businesses interested in securing federal contracts can benefit from the HSP requirement. The HSP encourages prime contractors to actively seek out and engage HUBs as subcontractors, increasing opportunities for these businesses to gain experience, build relationships, and access larger government projects.

In conclusion, filling out the hub subcontracting plan (HSP) involves understanding its purpose, gathering necessary information, determining subcontracting goals, identifying HUB subcontractors, describing subcontracting opportunities, and outlining the HUB's role and commitment. The HSP requirement applies to prime contractors bidding on federal contracts exceeding a certain dollar threshold, and it serves to ensure compliance, evaluate strategies, and promote subcontracting opportunities for historically underutilized businesses (HUBs).

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What is hub subcontracting plan hsp?

Hub Subcontracting Plan (HSP) is a document that outlines how a Historically Underutilized Business (HUB) will utilize subcontractors to meet the requirements of a contract.

Who is required to file hub subcontracting plan hsp?

Any business that qualifies as a Historically Underutilized Business (HUB) and is awarded a contract by a government agency is required to file a Hub Subcontracting Plan (HSP).

How to fill out hub subcontracting plan hsp?

To fill out a Hub Subcontracting Plan (HSP), the HUB must outline the subcontracting opportunities available, identify potential subcontractors, and establish goals for subcontracting participation.

What is the purpose of hub subcontracting plan hsp?

The purpose of a Hub Subcontracting Plan (HSP) is to ensure that Historically Underutilized Businesses (HUBs) have the opportunity to participate in government contracts by subcontracting with larger prime contractors.

What information must be reported on hub subcontracting plan hsp?

The information reported on a Hub Subcontracting Plan (HSP) includes subcontracting opportunities, potential subcontractors, goals for subcontracting participation, and progress towards meeting those goals.