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What is the small business size standard for NAICS code 541611 (Administrative Management and General Management Consulting Services)?

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I'm looking at a sources sought notice for a federal contract, and it's a set-aside for small businesses. My firm does management consulting, and our primary NAICS code is 541611. I am trying to verify our small business status. I've been through the SBA website and found a table, but I want to make sure I am reading it correctly for our specific NAICS. Does anyone know the current size standard for NAICS 541611, Administrative Management and General Management Consulting Services, specifically for federal contracts? Is it based on annual receipts or number of employees?

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asked Nadia F. Verified vendorWOSB owner, management consulting · Minneapolis, MN · 650 rep

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The small business size standard for NAICS code 541611, Administrative Management and General Management Consulting Services, is based on annual receipts.

For federal contracts, the SBA size standards are set by NAICS code and are expressed either in number of employees or in annual receipts in millions of dollars (13 CFR 121.101 and 121.201). To determine your firm's small business status, you need to calculate your average annual receipts over the business's latest five complete fiscal years, and include the receipts of any affiliates (sba.gov, size standards page). You then compare that average to the specific dollar threshold for NAICS 541611, which you can find in the official SBA size standards table. If your average annual receipts are at or below that threshold, your firm qualifies as a small business for that NAICS code.

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answered Keisha W. Verified vendor8(a) firm founder, staffing and training · Atlanta, GA · 468 rep

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Sign up to answerCite the FAR clause or procurement code where you can.

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