Support for Growing Construction and Engineering Businesses
New rules will help small construction and engineering firms that have grown in size to continue bidding on certain government contracts as small businesses for a transitional period. This allows these companies to smoothly transition to the larger market, potentially increasing competition and service availability for the government.
Key points
A pilot program for construction and engineering firms that have outgrown small business status allows them to continue bidding on selected contracts as small businesses for up to 7 years.
Participating firms must gradually increase their share of non-small business contracts to prepare for full entry into the unrestricted market.
The goal is to increase competition in the federal contracting market and support the growth of businesses that might otherwise face difficulties after losing their small business status.
Status:
Expired
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