SBA Form 1450, 8(a) Annual Update is a form used by the participants of the Small Business Administration (SBA) 8(a) programs to show that they continue to meet the program's eligibility requirements.
The latest version of the form was released by the SBA on February 1, 2013 , with all previous editions obsolete. An SBA Form 1450 fillable version is available for download below.
The SBA 1450 Form is a part of the SBA 8(a) program, which is designed as a support for small businesses owned by y socially and economically disadvantaged people. The 8(a) Business Development Program assists small businesses in competing in the federal marketplace. To qualify for the program, the business has to meet SBA small size standards and be unconditionally owned and controlled by one or more socially- and economically disadvantaged individuals who are of good character. The business must maintain its eligibility throughout the course of its participation.
The SBA Form 1450 should be signed and dated by the president, partner or proprietor of the business
Attachment C, 8(a) Contracts Annual Performance is an attachment to the SBA 1450 Form used for listing all 8(a) contracts the participant's business engaged with during the previous year.
The first part of the attachment is a table for information on each contract. It requires the number of the contract, the date the contract was signed, the contracting agency, and the assigned North American Industry Classification System (NAICS) code. The table should also contain the percentage of work performed by the participant and the percentage performed by any subcontractors. A subcontractor performing more than 10% of the work should be named and the percentage they performed should be indicated.
The participant has to fill out the second table of Attachment C if any 8(a) contract was performed as a joint venture. It should contain the numbers of each contract, the names of the joint ventures, the names of any other firms participating in the venture, the percentage of work performed by the venture, and the percentage of work performed by non-8(a) partners in the venture.
The attachment also requires the following additional information:
The participant should provide a narrative description of how the percentage of work requirement was met for all contracts performed under a joint venture.