A procurement is usually classified according to the component which accounts

A procurement is usually classified according to the

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item being procured, and the function of the goods or services being purchased. A procurement is usually classified according to the component which accounts for the greatest percentage of contract value. Use of SBA Size Standards Solicitations must specify NAICS and size standard so offerors can appropriately represent themselves as small or other than small. SBA size standards are usually stated either in number of employees over the past 12 months, or average annual receipts over the past three years, whichever number represents the largest size of the business right now (including subsidiaries and affiliates). This number is what that business will be using to remain classified as a small business for SBA and to propose or bid on federal contracting programs. Size standards are available for every private sector industry in the U.S. economy, with the NAICS used to identify the industries. Acquisitions for supplies must be classified under the appropriate manufacturing or supply NAICS code, not under a wholesale or trade or retail trade NAICS code. Recertification of Size Standards Sources: FAR 19.301-2 FAR 42.12 FAR 52.219-28 Each business must annually certify its small business size and its appropriate status in the System for Award Management (SAM). In addition, for all contracts, a contractor must re-represent its size status for the contract’s NAICS code upon: All novation agreements (within 30 days of request to novate) All agreements for mergers or acquisitions (within 30 days of finalization) Long-term contracts (contracts for more than 5 years, including options) that are within 60 to 120 days prior to end of fifth year of a long-term contract and any option exercised after 5 years If size status changes to other than small due to novation, mergers or acquisitions, or in the fifth year or later in the case of long-term contracts, agencies may no longer include the value of options, orders, modifications, or purchases made under blanket purchase agreements in their small business prime contracting goals. The contracting officer shall issue a modification to the contract capturing the re-representation and shall report it in the Federal Procurement Data System (FPDS).
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Knowledge Review: What is best described as independently owned and operated, not dominant in the field of operation in which it is bidding on government contracts, and qualified under the criteria and size standards in 13 Code of Federal Regulations (CFR) part 121? A. Disadvantaged Business Concern B. Small Business Concern C. General Service Administration (GSA) Schedule Holder D. Mandatory Source of Supply Per Federal Acquisition Regulation (FAR) 2.101, a small business concern means a concern, including its affiliates, that is independently owned and operated, not dominant in the field of operation in which it is bidding on government contracts, and qualified as a small business under the criteria and size standards in 13 CFR part 121 (see also FAR 19.102).
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  • Summer '17
  • DAU
  • Business, Small business Administration, U.S. Small Business Administration

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