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Glossary

Presolicitation notice

A presolicitation notice is a SAM.gov posting that announces a solicitation is coming, usually with the NAICS, set-aside, a short description and an expected release date.

Size standard

A size standard is the SBA's limit, stated in average annual receipts or in number of employees, below which a business counts as small for a given NAICS code and so may compete for set-asides.

Set-aside

A set-aside is a solicitation reserved for a class of business, most often small businesses in general or a socioeconomic program such as 8(a), HUBZone, WOSB or SDVOSB, so only eligible firms may compete.

HUBZone

HUBZone is an SBA certification for small businesses whose principal office is in a Historically Underutilized Business Zone and whose employees largely live in HUBZones, giving them access to HUBZone set-asides and a price evaluation preference.

Woman-Owned Small Business (WOSB)

WOSB is an SBA certification for a small business at least majority owned and controlled by one or more women; EDWOSB adds a personal net worth and income test. Both open set-asides in industries SBA has designated as underrepresented.

Joint venture (JV)

A joint venture in government contracting is a separate entity formed by two or more firms to bid on and perform a contract together; SBA rules let a small business JV, including one with a large mentor, qualify as small for set-asides if the agreement meets specific requirements.

30 results for "Set-aside"