Federal Contracting Made Easy's Podcast

Today, we will be explaining the HUBZone Price Preference adjustment.  Contracting Officers must give qualified HUBZone businesses a ten percent price adjustment on certain contracts. Not sure what the HUBZone program is?  Check out this blog. Now on to the rest of the article.How does a price evaluation preference affect the bid of a HUBZone business in full and open competition?The HUBZone Price Preference adjustment happens on full and open competition.  In other words, it happens on contracts that are open to large and small businesses. The Government must deem the price offered by the HUBZone business to be lower than the price offered by large business. The HUBZone businesses price must be less than 10% higher than the price offered by the large business.  For a best value procurement the Government must apply the 10% preference to the large business before determining best value.  Please note this does not apply to HUBZone business if part of a HUBZone set-aside contract.Basically after the Government