Cornell University endeavors to promote the development of mutually beneficial business partnerships so that small, small disadvantaged, small woman-owned, small veteran-owned, small service-disabled veteran-owned, and small HUBZone business concerns (hereafter collectively referred to as “small/small disadvantaged business concerns”) have competitive access to participate under Cornell University's procurement of materials, supplies, and services consistent with effective and economic purchasing practices.
Cornell University's departments and purchasing personnel should plan procurements consistent with forecast requirements in a manner that encourages participation by small business concerns, including economic quantities, reasonable delivery schedules and allowing sufficient time to these types of business enterprises to submit bids. When mutually beneficial, Cornell University will provide assistance to small/small disadvantaged business concerns.
Federal contracts in excess of $550,000 require preparation and submission of Small Business Development Plans (SBDPs), which require that Cornell submits a plan for utilizing small and small disadvantaged business. The plan identifies the supplier, the percentage of the award, and dollar amount of the award. The government also requires annual reports detailing progress in meeting the goal proposed in the original SBDP. Failure to utilize small and small disadvantaged businesses properly can cause reduction in the award amount, loss of an award, or failure to receive an award.