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Common Federal Contracting Terms

To bid on federal government contracts, you will need to learn the strange language of government contracting. Here are some of the words you will encounter most often.

Xổ số miền bắc 2 .

beta.SAM.gov

Xổ số miền bắc 2As of November 8, 2019, beta.SAM.gov is the new official place to find government contracting opportunities from the General Services Administration. .

Disadvantaged Business

A business that is owned and controlled by one or more socially and economically disadvantaged person(s). The disadvantaged person(s) must own at least 51 percent of the business. To be eligible for this status, a business must also meet , so disadvantaged businesses are often referred to as small disadvantaged businesses (SDB). Businesses self-certify; there is no formal certification process for this status. 

Socially Disadvantaged Person 

A person who has been subjected to racial or ethnic biases or prejudice in America because of their identity as a member of a group or groups, without regard to their individual qualities. This may include members of racial or ethnic minority groups or a person with a physical handicap. A person must be prepared to show that they currently identify as a member of that group, and that other people identify them as a member of that group. .

Economically Disadvantaged Person 

A person who is socially disadvantaged and able to show that this status has impacted their ability to compete in the American free market by limiting their access to capital and credit. A business owner with this status can apply to the 8(a) Business Development Program or the Economically Disadvantaged Women-Owned Small Business Program through the SBA. Each program has its own set of requirements applicants must meet to qualify as economically disadvantaged.

FedBizOpps (replaced by beta.SAM.gov)

Until November 8, 2019, FedBizOpps (FBO dot gov) was the official web-based system for businesses to search for federal government contracting opportunities. However, those opportunities are now listed on the .

GSA Schedules Program

Xổ số miền bắc 2One of the largest and most commonly used federal contracting programs. Businesses must . Businesses that are “on Schedule” can access and respond to opportunities that may not be posted on other, public contracting systems. .

Set-Aside

All or part of a contract that is reserved by the federal government for competition among specific types of qualified small and/or disadvantaged businesses. Contracts can be reserved for businesses owned by veterans, women, minorities, and other groups.

Set-Aside Type

A type of small and/or disadvantaged business that meets specific qualifications to compete for reserved federal government contracts. Each set-aside type has its own eligibility requirements.

Small Business

Xổ số miền bắc 2An independently-owned for-profit firm that meets the Small Business Administration (SBA) qualifications and size requirements. Businesses self-certify; there is no certification process. To be eligible for small business status:

  • A business must meet .

  • Xổ số miền bắc 2Part of a business must be within the U.S.

  • A business must operate mainly within the U.S. or make a significant contribution to the U.S. economy through the payment of taxes or the use of American products, materials, or labor.

  • Xổ số miền bắc 2A business must be independently owned and operated.

  • A business cannot be dominant in its field on a national basis.

Xổ số miền bắc 2 .

Combined Synopsis/Solicitation

Xổ số miền bắc 2This is a notice about a contract opportunity that is currently open and the agency is accepting proposals. This notice generally includes contact information, deadlines, and details about how to submit your proposal. It may also be called a Request for Proposals (RFP) or a Request for Quotes (RFQ).

Presolicitation

Xổ số miền bắc 2This is a notice about a contract opportunity that will open for proposals in the future. This notice may ask interested businesses to submit information. The information received may help an agency determine whether the contract should be reserved for businesses that qualify for types of set-asides.

Sources Sought

This is a request for information (RFI), or a solicitation of interest, from an agency. The information received may help an agency understand the interests and capabilities of the businesses that would submit proposals for a future contract. A sources sought notice may or may not be followed by a contract.

Xổ số miền bắc 2 reserves federal contracts for competition among small businesses owned by socially and economically disadvantaged person(s). The program requires a nine-year commitment and offers participants a variety of government assistance options. Businesses must through the SBA. To be eligible for the Competitive 8(a) program:

  • A business must meet .

  • At least 51 percent of a business must be owned by U.S. citizens.

  • The business officers must show good character.

  • The business must demonstrate potential for success.

  • Xổ số miền bắc 2There are separate eligibility requirements for businesses owned by American Indians, Native Alaskans, Native Hawaiians or Certified Development Companies. 

  • At least 51 percent of a business must be owned, controlled, and managed by one or more person(s) who meet the SBA requirements for being and .

    • To qualify as economically disadvantaged through the Competitive 8(a) program, a person must submit a written statement and personal financial information. A person must also meet these requirements at the time the application is submitted:

      • Have a net worth of $250,000 or less.

      • Have an average personal income of $250,000 or below over the last 3 years.

      • Xổ số miền bắc 2The fair market value of all assets must be below $4 million.

Economically Disadvantaged Woman-Owned Small Business (EDWOSB)

The federal government reserves contracts for competition among small businesses owned by economically disadvantaged women. The contracts must be in industries where women-owned businesses are underrepresented. Businesses through the SBA. To be eligible for EDWOSB status:

  • Xổ số miền bắc 2A business must meet .

  • Xổ số miền bắc 2Women must manage day-to-day operations and make long-term decisions.

  • Xổ số miền bắc 2A woman must hold the highest officer position and work at the business full-time during normal working hours.

  • At least 51 percent of your business must be owned by one or more economically disadvantaged women who are U.S. citizens. To qualify as economically disadvantaged through the EDWOSB program, a woman must meet these requirements:

    • Have a personal net worth of $750,000 or less.

    • The fair market value of all assets must be $6 million or less.

    • Have an adjusted gross yearly income (averaged over the three years prior to the certification) less than $350,000. 

Emerging Small Business (ESB)

Xổ số miền bắc 2The federal government reserves contracts for competition among emerging, or very small, businesses. Businesses self-certify; there is no certification process. To be eligible for ESB status:

  • Xổ số miền bắc 2Your business must be no larger than 50 percent of the  for your industry.

HBCU/MI

Xổ số miền bắc 2The reserves federal contracts for competition among specific businesses and institutions that are identified by the Department of Education. To be eligible for HBCU/MI certification, an institution must be:

  • Established prior to 1964 with the principal mission of educating Black Americans

  • Xổ số miền bắc 2Accredited by a nationally recognized accrediting agency or association

  • Xổ số miền bắc 2Legally authorized by the state where it is located

HUBZone

The reserves federal contracts for competition among small businesses that are located in specific rural and urban communities. Businesses must through the SBA. To be eligible for the HUBZone program:

  • A business must meet .

  • Xổ số miền bắc 2At least 51 percent of a business must be owned by U.S. citizens, members of an American Indian tribe, or a Community Development Corporation.

  • Xổ số miền bắc 2The main office of a business must be in a .

  • At least 35 percent of employees must live in the HUBZone.

Indian Economic Enterprise (IEE)

The federal government reserves contracts for competition among businesses that are owned by American Indians or American Indian Tribes. Businesses self-certify; there is no certification process. To be eligible for IEE status:

  • At least 51 percent of a business must be owned by an American Indian(s) of a .

  • American Indian(s) or American Indian Tribe must manage the contract and control daily business operations.

  • The American Indian(s) or American Indian Tribe must receive the majority of earnings from the contract.

Indian Small Business Economic Enterprises (ISBEE)

The federal government reserves contracts for competition among small businesses that are owned by American Indians or American Indian Tribes. Businesses self-certify; there is no certification process. To be eligible for ISBEE status:

  • A business must meet .

  • At least 51 percent of a business must be owned by an American Indian(s) of a .

  • American Indian(s) or an American Indian Tribe must manage the contract and control daily business operations.

  • The American Indian(s) or American Indian Tribe must receive the majority of earnings from the contract.

Service-Disabled Veteran-Owned Small Business (SDVOSB)

The federal government reserves contracts for competition among small businesses that are owned by service-disabled veterans. Businesses self-certify; there is no certification process for this status. However, if a business is competing for a Department of Veterans Affairs contract, its status must be verified through the . To be eligible for SDVOSB status:

  • Xổ số miền bắc 2A business must meet .

  • At least 51 percent of a business must be owned by one or more person(s) with service-disabled veteran status through the VA.

  • The service-disabled veteran(s) must control the management and daily business operations. A spouse or permanent caregiver can take the place of a service-disabled veteran owner if the veteran has a permanent or severe disability.

  • Xổ số miền bắc 2The service-disabled veteran owner(s) must hold the highest officer position.

Small Business

An independently-owned for-profit firm that meets the Small Business Administration (SBA) qualifications and size requirements. Businesses self-certify; there is no certification process. To be eligible for small business status:

  • Xổ số miền bắc 2A business must meet .

  • Xổ số miền bắc 2Part of a business must be within the U.S.

  • A business must operate mainly within the U.S. or make a significant contribution to the U.S. economy through the payment of taxes or the use of American products, materials, or labor.

  • A business must be independently owned and operated.

  • A business cannot be dominant in its field on a national basis.

Note: The government awards Total Small Business and Partial Small Business set-asides. A Partial Small Business set-aside is a portion of a contract opportunity that’s reserved for competition among small business. A Total Small Business set-aside is an entire contract opportunity that’s reserved.

Veteran-Owned Small Business (VOSB)

Xổ số miền bắc 2The federal government reserves contracts for competition among small businesses that are owned by veterans. Businesses self-certify; there is no certification process for this status. However, if a business is competing for a Department of Veteran’s Affairs contract, its status must be verified through the . To be eligible for VOSB status:

  • A business must meet .

  • Xổ số miền bắc 2At least 51 percent of a business must be owned by one or more person(s) with veteran status through the VA.

  • Xổ số miền bắc 2The veteran(s) must control the management and daily business operations.

  • The veteran(s) must hold the highest officer position.

Women-Owned Small Business (WOSB)

Xổ số miền bắc 2The federal government reserves contracts for competition among small businesses that are owned by women. To be reserved, the contracts must be in industries where women-owned businesses are significantly underrepresented. Businesses through the SBA. To be eligible for WOSB status:

  • Xổ số miền bắc 2A business must meet.

  • Xổ số miền bắc 2At least 51 percent of a business must be directly owned by one or more women who are U.S. citizens.

  • Xổ số miền bắc 2Women must manage day-to-day operations and make long-term decisions.

  • A woman must hold the highest officer position and work at the business full-time during normal working hours.

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Last Updated: August 15, 2017

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