Acquisition The acquiring of supplies or services by the federal government with appropriated funds through purchase or lease.
Affiliates Business concerns, organizations, or individuals that control each other or that are controlled by a third party. Control may include shared management or ownership; common use of facilities, equipment, and employees; or family interest.
Best and Final Offer For negotiated procurements, a contractor’s final offer following the conclusion of discussions.
On May 3, 2010, an important change to the HUBZone regulations went into effect concerning the definition of an employee. (See Pre May 3 and new definitions below.) The new definition clarifies when a person working for a small business concern (SBC) is considered an employee of that SBC for HUBZone eligibility purposes and simplifies that determination.
As a contracting officer, it is important for you to understand how to apply the requirements of the HUBZone Program to help certified HUBZone small businesses receive their fair share of contracting opportunities.
The Historically Underutilized Business Zones (HUBZone) program helps small businesses in urban and rural communities gain preferential access to federal procurement opportunities. These preferences go to small businesses that obtain HUBZone certification in part by employing staff who live in a HUBZone. The company must also maintain a "principal office" in one of these specially designated areas.