What are the requirements for a prime contractor to submit a small business subcontracting plan?

A prime contractor is required to submit a small business subcontracting plan when a solicitation for a federal contract is expected to exceed $900,000, or $2 million for construction, and has subcontracting possibilities. This requirement comes from FAR 19.702(a)(1). Your firm will need to prepare a plan if you pursue contracts above this threshold. The plan typically outlines specific goals for subcontracting with various small business categories like small disadvantaged business, HUBZone, and WOSB. It also describes the methods you will use to achieve these goals, such as outreach efforts, and how you will administer the plan. You will also need to report periodically on your subcontracting achievements. State and local government contracts follow their own procurement codes, which may have different thresholds and requirements for subcontracting plans.