How to Do Business with Treasury Part II: Subcontracting Opportunities
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Recognizing that small firms often do not have the
capability to perform as a prime contractor on certain large contracts,
the Department of the Treasury actively promotes the involvement of
small business at the subcontract level. In accordance with Public Law
95-507, all contracts over $500,000 for supplies, equipment, and services
and $1,000,000 for construction must have a subcontracting plan approved
by the Director, Office of Small Business Development or his designee
prior to contract award. (Note: awards made to small business
concerns are exempt from this requirement.) The subcontracting plan
includes goals for subcontract awards to small, small disadvantaged,
women-owned, HUBZone, service disabled veteran owned and veteran owned
firms, and an annual report on what was achieved is submitted through
SBA to the President.
The Department of the Treasury publishes an annual Small
Business Subcontracting Opportunities Directory detailing
the names, types of businesses, and subcontracting needs of our Prime
Contractors. Small businesses are encouraged to contact prime contractors'
small business representatives for prime buying needs for current and
upcoming contracts.
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Updated September 3, 2002 |
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