SBA SBA Government Contracting & Procurement 2

Question 1

What does SDVOSB stand for in the context of federal contracting?

Accepted Answer

Service-Disabled Veteran-Owned Small Business

Answer

SDVOSB stands for Service-Disabled Veteran-Owned Small Business, a program that provides contracting preferences for veteran entrepreneurs with service-connected disabilities.

Question 2

What percentage of HUBZone-certified firm employees must reside in a HUBZone area?

Accepted Answer

35%

Answer

At least 35% of a HUBZone-certified firm's employees must reside in a HUBZone area to maintain eligibility.

Question 3

What is a subcontracting plan required for in federal contracting?

Accepted Answer

Large prime contractors to commit to subcontracting opportunities to small businesses

Answer

Large prime contractors on contracts exceeding certain thresholds are required to submit subcontracting plans committing to award a portion of work to small businesses.

Question 4

What is the role of the Procurement Center Representative (PCR) in SBA government contracting?

Accepted Answer

Advocate for small business set-asides at federal agencies

Answer

SBA Procurement Center Representatives (PCRs) are assigned to federal agencies and advocate for maximizing small business contracting opportunities.

Question 5

Under the SBA's mentor-protégé program, what is the primary benefit to the protégé firm?

Accepted Answer

Business development assistance and joint venture eligibility

Answer

Protégé firms in the SBA mentor-protégé program receive business development assistance and can form joint ventures with their mentor to compete for contracts.

(SBA) Small Business Administration Certified Business Practice Test

(SBA) Small Business Administration Certified Business Practice Test

SBA SBA Government Contracting & Procurement 2