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3) What is defined as, “the Contracting Officer shall set aside any acquisitionover $150,000 for small business participation with reasonable expectation that offers will be received from at least two responsible small businesses and award will be made at fair market prices”? [Explain the different types of small business set-asides, the Rule of Two, and the eligibility rules that firms follow to be eligible for a particular small business set-aside.]4) You are working on an unrestricted Request for Proposal for the
conversion of a payroll system at a Federal installation. The project is ahighly complex non-commercial system with an estimated cost of $17million. Historically, contracts of this magnitude have been awarded to largebusinesses; however several components are available from smallbusinesses. Other than making this a total small business set-aside, whatcan you do to ensure small businesses have an opportunity to participate incontract performance? [Determine the requirements for a subcontracting plan.][Remediation Accessed :N] Require the apparently successful offeror to submit an acceptable subcontracting plan.