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ARTICLE · 17 JUNE 2014

Small Business Size Standards Set To Increase

Fox Rothschild LLP
Fox Rothschild LLP
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The U.S. Small Business Administration published interim final rules that increase the revenue-based small business size standards to account for inflation since 2008.

United StatesGovernment, Public Sector
Nicholas Solosky
Nicholas Solosky
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The U.S. Small Business Administration (SBA) published interim final rules that increase the revenue-based small business size standards for general contractors and specialty trade contractors to account for inflation since 2008. This rule change will result in a significant increase in the number of businesses that are eligible for small business set-aside contracts and can be counted as small business concerns in Small Business Subcontracting Plans under FAR 52.219-9. The SBA's interim rules can be viewed here.

The size standard for Commercial and Institutional Building Construction (NAICS Code 236220), as well as many of the NAICS Subsector 237 (Heavy and Civil Engineering Construction) size standards, will increase from $33.5 million to $36.5 million. The size standard for Specialty Trade Contractors under NAICS Subsector 238 will increase from $14 million to $15 million.

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