Acquisition Regulation: Small Business Participation on Certain Multiple-Award Contracts
Summary
The federal government is proposing new rules to ensure that small businesses get a fair chance to compete for large government contracts that are awarded to multiple companies. This change aims to help small business owners grow their companies by giving them better opportunities to work with the federal government.
Key Points
- 1The rule requires federal agencies to set aside portions of large, multi-company contracts specifically for small businesses to bid on
- 2Small businesses would have guaranteed opportunities to compete rather than being excluded from big government deals
- 3The rule applies to contracts where the government plans to award work to several different companies instead of just one
- 4Federal agencies will need to follow new procedures when awarding these contracts to ensure small businesses can participate
- 5Public comment is being accepted until March 18, 2025, before the rule is finalized
Key Dates
January 15, 2025
This summary is for informational purposes only. It may not capture all nuances of the regulation. Always refer to the official text for authoritative information.
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