material change in disadvantaged ownership and control has occurred since its

Material change in disadvantaged ownership and

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material change in disadvantaged ownership and control has occurredsince its certification; (ii) Where the concern is owned by one or more disadvantaged individuals, the net worth of each individual upon whom the certification is based does not exceed $750,000 after takinginto account the applicable exclusions set forth at 13 CFR 124.104(c);and (iii) It is identified, on the date of its representation, as a certified small disadvantaged business concern in the Dynamic Small Business Search database maintained by the Small Business Administration.2.For a prime contractor, it has submitted a completed application to theSmall Business Administration or a private certifier to be certified as a small disadvantaged business concern in accordance with 13 CFR part 124, subpart B, and a decision on that application is pending, andthat no material change in disadvantaged ownership and control has occurred since it submitted its application. In this case, a contractor must receive certification as a small disadvantaged business by the Small Business Administration prior to contract award.e.The 8(a) Program:i.The title 8(a) comes from Section 8(a) of the Small Business Act of 1953, a business development program created specifically for small disadvantaged businesses to help them compete in the American economy and gain access to the federal procurement market by offering specialized business training, counseling, marketing assistance, and high-level executive development.ii.8(a) firms are owned and controlled at least 51% by socially and economically disadvantaged individuals.iii.All 8(a) firms are SDBs, but not all SDBs are 8(a) firms.f.Women-Owned Small Business (WOSB):
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CON 200
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