Your manager has informed you the company needs to consider small businesses as part of the contract solicitation process. Your company has just recently been asked to perform services for a government agency and consideration for small business participation in your company’s subcontract awards will be part of your company’s proposal to the agency
Using information from an Internet search on small business administration, discuss the benefits of considering small businesses in government contract solicitations, including the following:
- What benefits can be expected by your company if small businesses are considered in the subcontract solicitation process?
- To what extent will adding these requirements mean additional costs will be incurred in administration and reporting of compliance?