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|Posted on November 19, 2012 at 8:35 PM||comments (21)|
Q. Don’t you as a Small Business have to perform 15% of the contract value of a subcontract?
A. That requirement pertains to an 8a set aside or Small Business set aside project with the direct contract with the government. It does not pertain to a first tier subcontractor on a project awarded to a General Contractor as the prime contractor. Small Business credits are properly accounted for by the prime contractor through the first tier subcontractors and material procurement directly purchased by the prime contractor. Looking at the Small Business Size Standards, design and manufacturing is based on the number of company employees and contracting is based on whether it is a specialty contract or general contracting contract requirements that must be met to qualify.
|Posted on September 24, 2012 at 7:27 PM||comments (2)|
On Friday I wrote how much pressure goes into the last month of the fiscal year for federal contracting. I don't think I stated how exciting these times really are. The anticipation of contracts that will be issued and fulfilled within the next 2 years is exciting. Our industry and specifically the Small Business aspect of contracting with the federal government is ongoing and expanding. While the large businesses maintain the large hundreds of millions of dollars contracts, the parts of those contracts that are required to be procured through Small Business is still necessary. With that outlook, the future is bright and getting brighter every day. While the election is getting nearer, we don't believe the incumbant or a new leader will change the landscape of our industry. You see there are reallocation of defense funds in and out of the construction arena and there is always talk of budget cuts in all aspects of our government. With all the new technology, energy efficiency, green building materials, and the willingness of the government to be the leader in renovation of their buildings, there will be no shortage of work for the foreseeable future. I Love the USA. The great land of Liberty and Opportunity!
|Posted on August 16, 2012 at 6:04 PM||comments (0)|
NAICS codes - What are they, and where do I find them?
The North American Industry Classification System (NAICS) code is a six-digit code that represents types of industries. The NAICS has been designed as the index for statistical reporting of all economic activities of the U.S., Canada, and Mexico. If you are registering to be eligible for contracts or intra-governmental transactions, you will be asked for your NAICS codes (that describe what type of business you are in) within your the "Assertions" section of your entity registration on the "Goods and Services" page. On this page you can pull up NAICS codes by number or by search term, and then add them to your record. In the Glossary on this page, you will find a link to the NAICS search page within the Census Bureau's web site.
There are specific guidelines used by the Small Business Administration broken down by NAICS code as to what constitutes being a Small Business by the dollar volume of business done by year.
|Posted on February 28, 2012 at 1:37 PM||comments (0)|
Small Business (SB) – Located in U.S, organized for profit, including affiliates is independently owned & operated, not dominant in field of operations in which it is bidding on Government contracts, AND meets Small Business Administration (SBA) size standards included in solicitation. Size standard is based upon the North American Industrial Classification Standard (NAICS) assigned to the specific procurement dependent upon product/service purchased.
Woman-Owned Small Business (WOSB) – Small Business, at least 51% owned by ≥ 1 women, AND management & daily business operations controlled by ≥ 1 women.
Small Disadvantaged Business (SDB) – Small Business, unconditionally owned & controlled by ≥ 1 socially & economically disadvantaged individuals who are of good character & citizens of the U.S., AND SBA-certified.
Small Disadvantaged Business 8(a) Certified [8(a)] – Small Business, SBA-certified as a SDB, AND SBA-certified into the 8(a) Business Development Program for a period of 9 years.
Historically Underutilized Business Zone (HUBZone) – Small Business, owned & controlled ≥ 51% by U.S. citizens, SBA-certified as a HUBZone concern (principal office located in a designated HUBZone & ≥ 35% of employees live in a HUBZone).
Veteran-Owned Small Business (VOSB) – Small Business, veteran-owned as defined in 38 USC 101(2), ≥ 51% owned by ≥ 1 veterans, & management/daily operations controlled by ≥ 1 veterans.
Service-Disabled Veteran Owned Small Business (SD-VOSB)– Small Business, veteran-owned, ≥ 51% owned by ≥ 1 service-disabled veterans, AND management & daily business operations controlled by ≥1 service disabled veterans OR in the case of veteran with permanent & severe disability, the spouse or permanent caregiver of such veteran, AND with 0% - 100% service-connected disability as defined in 38 USC 101(16) & documented on DD 214 or equivalent.
Historically Black Colleges & Universities/Minority Institutions HBCU/MI) – HBCU is an accredited institution established before 1964 whose principal mission is education of black Americans. MIs are institutions meeting requirements of Higher Education Act of 1965 and Hispanic-serving institutions defined at 20 USC 1059. The Secretary of Education must designate HBCUs/MIs. A list can be located at http://www.ed.gov/about/offices/list/ocr/edliteminorityinst.html