What additional preference is applied for each 10% subcontracted work by qualifying subcontractors under the Local Business Preference Program?

Under the Local Business Preference Program, there is an additional preference applied for each 10% of subcontracted work performed by qualifying subcontractors. This additional preference is set at 1%. This means that businesses that demonstrate a commitment to utilizing local subcontractors can enhance their competitive standing when bidding for contracts, effectively incentivizing the use of local resources and supporting the local economy. This approach aligns with the program’s goal of promoting local businesses while ensuring that contracts benefit the community economically.