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Participation by Disadvantaged Business  Form

Participation by Disadvantaged Business Form

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Instructions and help about Participation By Disadvantaged Business

The federal government mandates that all Federal agencies that award contracts For goods and services provide a percentage of these awards To various socio-economic categories. This video covers Small Disadvantaged Businesses. Or SDB's. The SDB category has a goal of awarding at least 5% of prime total eligible dollar spent, And 5% of subcontracting total eligible dollars To small disadvantaged businesses each year. To be eligible to receive these awards you must meet certain criteria. Be a small business that is at least 51% owned and controlled by one or more Individuals, who are socially and economically disadvantaged, Be a firm that self-certifies as a small disadvantaged business In the System for Award Management or Sam, Or be approved by the Small Business Administration Into the 8(a) program and certified as an SDB. Remember, GSA does not certify a company as a SDB, Companies must self certify. The 8(a) program is a nine year program That works to help socially and econ

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