SBA - Total Small Business Set-Aside (FAR 19.5)

Overview

The Total Small Business Set-Aside program ensures that certain federal contracts are exclusively available for small businesses. This initiative promotes fair competition and economic growth within the small business sector.

Eligibility

To qualify, businesses must meet the size standards defined by the Small Business Administration (SBA). These standards vary by industry and are based on factors like annual revenue or number of employees.

Benefits

• Provides exclusive access to federal contracts.
• Encourages the participation of small businesses in federal procurement.

Regulations

This program is governed by FAR 19.5, which outlines the requirements and procedures for federal agencies to implement set-asides.