15 Jan 2025
📑Proposed FAR Amendment Boosts Small Business Contract Participation
Federal Acquisition Regulation: Small Business Participation on Certain Multiple-Award Contracts
Summary
DoD, GSA, and NASA are proposing to amend the Federal Acquisition Regulation (FAR) to issue policy on small business participation on certain multiple-award contracts.
Agencies
- Defense Department
- General Services Administration
- National Aeronautics and Space Administration
Business Impact
$$ - Med
The proposed FAR amendment outlines significant changes to small business participation in multiple-award contracts, requiring mandatory set-asides and enhanced coordination with small business specialists. This promotes compliance and impacts acquisition strategies, potentially leading to better financial opportunities for small businesses.