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STORAGE NAME: s2316.cu DATE: May 27, 1998, HOUSE OF REPRESENTATIVES COMMITTEE ON COLLEGES AND UNIVERSITIES BILL RESEARCH & ECONOMIC IMPACT STATEMENT BILL #:SB 2316, 1ST ENTREATING TO:State Board of
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Standard Form Revised 697 is a federal form used by contractors to report their small business subcontracting goals, as part of their compliance with federal contracting requirements.
Any contractor or subcontractor who is required to submit a subcontracting plan when they are awarded a federal contract is required to file Standard Form Revised 697.
To fill out Standard Form Revised 697, contractors need to provide details on their planned subcontracting activities, including the identification of small business concerns, their respective areas of work, and the projected dollar amounts for contracts with those businesses.
The purpose of Standard Form Revised 697 is to ensure that federal contractors are meeting their subcontracting goals with small businesses, promoting fair participation of small businesses in federal contracting.
Information reported on Standard Form Revised 697 includes the names of small business subcontractors, the type of work they will perform, and the estimated dollar amounts for the subcontracts.
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