3 Jan 2025
📄Federal Acquisition Regulation on Rerepresentation of Small Business Status
Federal Acquisition Regulation: Rerepresentation of Size and Socioeconomic Status
Summary
DoD, GSA, and NASA are issuing a final rule amending the Federal Acquisition Regulation (FAR) to implement regulatory changes made by the Small Business Administration to order-level size and socioeconomic status rerepresentation requirements.
Agencies
- Defense Department
- General Services Administration
- National Aeronautics and Space Administration
Business Impact
$$ - Med
The regulatory changes require businesses to rerepresent their size and socioeconomic status for orders under multiple-award contracts, impacting compliance and potential eligibility for federal contracts. This affects small businesses specifically and introduces additional obligations for accurate reporting through SAM and other databases.