June 9, 2016
Source: Business.com, Business.com Editorial Staff, June 7, 2016
Recent rule changes issued by the Small Business Administration (SBA) provide significant improvements for government contractors in 2016.
In particular, a broader range of small businesses stands to gain new opportunities to bid on federal government contracts by participating in a program previously restricted only to those entities whose majority ownership qualified as disadvantaged.
The SBA’s 8(a) Business Development Program was designed to help small businesses that are at least 51 percent owned and controlled by socially and economically disadvantaged individuals improve their ability to win federal government contracts. To that end, a certain portion of government contracts is set aside for 8(a) Business Development companies only.
This limits the number of competitors in what otherwise would be an open bidding process, thus increasing the chances for those eligible for winning a federal contract. Additionally, it levels the playing field to only 8a-designated companies with similar capabilities, keeping out larger and more established firms with more resources and bidding experience. READ MORE….
Contact your nearest PTAC for detailed information about this Final Rule.
For help with Government Contracting: contact your nearest Procurement Technical Assistance Center (PTAC). Funded through Cooperative Agreements between the U.S. Department of Defense and state and local governments/institutions, PTACs provide free and low-cost assistance in virtually all areas of government contracting.