4D Tech Solutions is proud to be recognized by the Small Business Association (SBA) as a Historically Underutilized Business Zone (HUBZone) Certified Contractor and is pleased to present all the benefits that come with this certification to our customers. The HUBZone program is for companies that have an office in a Federally Designated HUBZone, and whose staffing consists of at least 35% HUBZone residents. The HUBZone program is dedicated to supporting the local economy, creating jobs and building up communities. Not only does being certified as a HUBZone Certified Contractor have benefits locally, but there are several other benefits for contracting with us.
Benefits for GOVERNMENT AGENCIES working with a HUBZone Certified Firm
HUBZone certification allows 4D Tech Solutions to participate in the following special contract types:
1. A competitive HUBZone set-aside contract can be awarded if the contracting officer has a reasonable expectation that at least two responsible HUBZone small businesses will submit offers and that the resulting contract can be awarded at a fair market price. You can also create set-asides for specific orders within Multiple Award Contracts that were awarded through full and open competition.
2. A sole-source HUBZone contract can be awarded if the contracting officer doesn’t have a reasonable expectation that two or more qualified HUBZone small businesses will submit offers, determines that the qualified HUBZone small business is responsible, and determines that the contract can be awarded at a fair price. The government estimate cannot exceed $7.5 million for manufacturing requirements or $4 million for all other requirements.
3. A full and open competition contract can be awarded with a price evaluation preference for HUBZone small businesses. The offer of a HUBZone small business must be considered lower than the offer of a non-HUBZone/non-small business, provided that the offer of the HUBZone small business is not more than 10 percent higher.
4. A subcontract could be awarded by a large prime contractor. Federal rules require these contractors to include HUBZone contracting goals.
When contracts are worth $150,000 or less, they are automatically set-aside for small businesses. If possible, government agencies and contracting officers can choose to set it aside specifically for businesses in socio-economic programs like HUBZone.
Government agencies also must set aside contracts worth more than $150,000 — as long as they have a reasonable expectation that at least two small businesses will submit bids.
Both the SBA’s regulations and the Federal Acquisition Regulation (FAR) require contracting officers to consider socio-economic programs first for set-aside or sole-source contracts worth more than $150,000. There is no order of preference among the programs.
The Small Business Association (SBA) always provides the most accurate and updated information on HUBZone. If you are a contracting officer or a prime contractor trying to learn more about leveraging this status to help fund your next initiative, go to https://www.sba.gov/contracting/contracting-officials/hubzone.