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HUB Subcontracting Probability Statement It is the policy of the General Land Office to promote and encourage contracting and subcontracting opportunities for State of Texas certified Historically
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01
To fill out the Hub Subcontracting Probability Statement, follow these steps:
02
Understand the requirements: Familiarize yourself with the purpose and content of the statement.
03
Gather information: Collect all relevant data and documentation related to potential subcontracting opportunities.
04
Analyze the probability: Assess the likelihood of each subcontracting opportunity being awarded to Hub subcontractors.
05
Fill in the statement: Enter the subcontracting probability percentage for each opportunity.
06
Review and verify: Double-check all the filled information to ensure accuracy.
07
Submit the statement: Submit the Hub Subcontracting Probability Statement to the appropriate authority.

Who needs hub subcontracting probability statement?

01
Hub subcontracting probability statements are needed by companies or organizations participating in programs or initiatives that promote subcontracting opportunities for diverse suppliers, particularly those certified as Historically Underutilized Businesses (HUBs). These statements provide a quantitative assessment of the likelihood of subcontracting opportunities being awarded to HUB subcontractors.
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The hub subcontracting probability statement is a document used to determine the likelihood that a historically underutilized business will subcontract a portion of a contract to another business.
Any business that is designated as a historically underutilized business (HUB) and is seeking to participate in government contracts may be required to file a hub subcontracting probability statement.
The hub subcontracting probability statement typically requires information about the HUB business, the contract in question, and details about any potential subcontractors. It is important to carefully review the instructions provided with the form to ensure accuracy.
The purpose of the hub subcontracting probability statement is to assess the likelihood that a HUB business will fulfill its subcontracting commitments as part of a government contract. It helps ensure that HUBs are given fair opportunities to participate in the procurement process.
The information required on a hub subcontracting probability statement may include details about the HUB business, the contract in question, the subcontracting plan, and any potential subcontractors.
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