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Small business contracting plans are required for a majority of FAR-based contracts that exceed $700,000 ($1.5 million for construction) and are awarded to “other than small businesses.” This episode of PCI’s Subcontracting Summit will cover the legal requirements associated with the often misunderstood plans, a step-by-step overview of what a plan really is to include, and the goals and other types of requirements the Contracting Officer may include in an RFP. Our panel of experts will discuss strategies to consider before determining whether to use commercial or individual plans, and they will discuss obligations and penalties to consider if you do not meet your goals. The lively discussion will include real-life examples of the opportunities – and challenges – associated with this program unique to companies that do business with the Federal government.

The agenda for the training will include:

  • Contract requirements and a legal overview
  • Commercial vs. Individual Plans
  • Components of the Plan
  • Assessing your small business strategy and goals for subcontracting
  • Reporting and Risks
  • Challenges and Opportunities
  • Steps for Success