COLLINGSWOOD, N.J. -- The Fed Cetera Network, a business development organization under 48 CFR 52.219-9, is pleased to offer U.S. Department of Education (ED) NextGen bidders the opportunity to join a one-hour teleseminar on the U.S. Small Business Administration’s Historically Underutilized Business Zone (HUBZone) program and Network members that have or are seeking this certification this Friday, June 21, 2019, at 2PM EST.
Here is the link to register.
Last week, Amendment 3 of the solicitation indicated ED wants NextGen bidders to commit to spending 19% (of Total Contract Value) at contract inception and later up to 30% with HUBZone-certified small businesses, an unprecedented minimum spending requirement in ED solicitations covering default collections in recent years with respect to HUBZone program participants. Within NextGen, default collections may likely become the largest subcontracting opportunity because it is relatively easy to outsource compared to other functions.
With a new bid due date looming, there is no better time for NextGen bidders to find out more about the largest number of HUBZone companies capable of fulfilling this need through a single source -- The Fed Cetera Network, whose members have serviced millions of borrowers for numerous prime contractor clients over the last decade.
The call will cover more about HUBZone companies within the Network, who they are, where they are located, what their past performance includes, and what they can do to help propel your bid to a NextGen award through Teaming, Subcontracting, Mentor-Protégé Agreements, and more. Fed Cetera panelists will also field questions from attendees on how to maximize their score within the bid process through commitments to HUBZone program participants and other types of small businesses.
A HUBZone program applicant must:
- Be a small business.
- Be at least 51% owned and controlled by U.S. citizens, a Community Development Corporation, an agricultural cooperative, a Native Hawaiian organization, or an Indian tribe.
- Have its principal office located in a HUBZone.
- Have at least 35 percent of its employees live in any HUBZone.
About Fed Cetera
Fed Cetera is a “business development organization” under 48 CFR 52.219-9 that firms contact when subcontracting opportunities are available in order to be fully compliant with Federal regulations requiring outreach to various sources of potential subcontractors. The company maintains a source list of qualified small collection firms, regularly markets to the PCA community, and provides advisory services around business development and compliance to firms operating in the Federal market place.