Hub Subcontracting Plan (Hsp) Prime Contractor Progress Assessment Report - Texas

Hub Subcontracting Plan (Hsp) Prime Contractor Progress Assessment Report is a legal document that was released by the Texas Comptroller of Public Accounts - a government authority operating within Texas.

FAQ

Q: What is a Hub Subcontracting Plan (HSP)?A: The Hub Subcontracting Plan (HSP) is a requirement for prime contractorsdoing business with the state of Texas to demonstrate their commitment to subcontracting with historically underutilized businesses (HUBs).

Q: What is the purpose of the HSP Prime Contractor Progress Assessment Report?A: The purpose of the HSP Prime Contractor Progress Assessment Report is to track and assess the progress made by prime contractors in meeting their subcontracting goals with historically underutilized businesses (HUBs) in Texas.

Q: Who is required to submit the HSP Prime Contractor Progress Assessment Report?A: Prime contractors doing business with the state of Texas who have a Hub Subcontracting Plan (HSP) in place are required to submit the HSP Prime Contractor Progress Assessment Report.

Q: What is the role of historically underutilized businesses (HUBs) in the HSP?A: Historically underutilized businesses (HUBs) play a crucial role in the HSP by providing services and products as subcontractors to prime contractors. They help achieve diversity and inclusion goals in state procurement.

Q: How often is the HSP Prime Contractor Progress Assessment Report submitted?A: The HSP Prime Contractor Progress Assessment Report is typically submitted on a quarterly basis.

Q: What are the consequences for prime contractors who fail to meet their subcontracting goals under the HSP?A: Prime contractors who fail to meet their subcontracting goals under the HSP may face penalties and sanctions, including potential non-compliance actions and loss of contract opportunities.