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3) To be a qualified Historically Underutilized Business Zone (HUBZone) small businessconcern a company must be a small business as determined by the size standards, have the principal office located in a HUBZone, be certified by the Small Business Administration (SBA), and meet what other requirement? [Explain the different types of small business set-asides, the Rule of Two, and the eligibility rules that firms follow to be eligible for aparticular small business set-aside.]Have at least 35% of the company’s employees residing in a 4) You are working on an unrestricted Request for Proposal for the conversion of a payroll system at a Federal installation. The project is a highly complex non-commercial system with an estimated cost of $17 million. Historically, contracts of thismagnitude have been awarded to large businesses; however several components are available from small businesses. Other than making this a total small business set-aside, what can you do to ensure small businesses have an opportunity to participate in contract performance? [Determine the requirements for a subcontracting plan.][Remediation Accessed :N]