Long-Awaited Proposed Rule for Lower-Tier Subcontracting Plan Credit Finally Arrives to the FAR

The FAR Council is beginning to catch up with the SBA’s allowance that prime contractors with small business subcontracting plans may take credit for lower-tier small business subcontracting—albeit, three years behind schedule. Following the SBA’s lead, the proposed rule includes separate goals for first-tier and lower-tier small business subcontracting for individual subcontracting plans.