FL S2726

Defines "small business" as an independently owned business with 100 or fewer permanent full-time employees (or equivalent), net worth not exceeding $5 million, and domiciled in Florida for at least 3 years.

Requires state agencies to award at least 25% of total contract dollars to small businesses either directly or as subcontractors, with preference given to small business bids within 10% of the lowest bid.

Mandates agencies avoid contract bundling and conduct market research before issuing bundled contract solicitations, with written analysis explaining why bundling is necessary and justified.

Requires all state contracts to include provisions mandating vendors use Florida small businesses as subcontractors for at least 10% of gross contract amounts and establish timely payment terms for subcontractors.

Establishes reporting requirements for the Florida Small Business Advocate to track small business participation in state contracting and prohibits agencies from requiring bid, performance, or surety bonds for contracts not exceeding $500,000.