Sba Subcontracting Goals 2024. Sba collects annual data on how well federal agencies meet their small business contracting goals. Federal contracts exceeding $750,000 — or $1.5 million for construction — require the awardee to have a small business subcontracting plan, which includes percentage goals for using small businesses and subcategories of small businesses as subcontractors in the performance of the contract.
The federal government achieved its small business subcontracting goals, awarding 33.34%, or $86.4 billion, to small business subcontractors. If a subcontracting plan is necessary and the offeror is submitting an individual subcontracting plan, the individual subcontracting plan shall contain all the elements.