HUBZone Business Contracts

Section 1.4595  HUBZone Business Contracts a)         A State agency shall provide a 2% price preference for a HUBZone business that is responding to an Invitation for Bid or Request for Proposal. b)         A State agency may provide up to a 10% price preference for a HUBZone business that is responding to an IFB or RFP. The State agency shall specify the price preference in the solicitation document. c)         A HUBZone business must include evidence of its HUBZone qualification with its bid or offer if it's claiming a HUBZone price preference under this Section. d)         The SPO shall publish, in the notice of award, the percentage of the HUBZone price preference for each contract awarded through this Section. e)         Should a contractor no longer qualify as a HUBZone business during the term of a contract that was awarded using the HUBZone price preference, the State agency may void the contract. f)         A contract may not be renewed if the contractor no longer qualifies as a HUBZone business and the contract was awarded using the HUBZone price preference.