SMALL
BUSINESS SET-ASIDE PROGRAM
:: The
Small Business Set-aside Program revolves around a legal provision
referred to as the Simplified Acquisition Threshold (SAT). The SAT
has been around for many years, but was amended in 1994 under the
Federal Acquisition Streamlining Act, both to provide greater
contracting opportunities for small businesses and to make it easier for
the government to administer its procurement functions.
| What
is the SAT? |
|
| In order to promote efficiency and economy in contracting,
and to avoid unnecessary burdens for agencies and contractors, FASA
mandates that each acquisition of supplies or services that has
an anticipated dollar value exceeding $2,500 and not exceeding
$100,000 is reserved exclusively for small business concerns and
shall accordingly be set aside. It is estimated that more
than 90% of all purchase transactions conducted by the
government occurs using Simplified Acquisition Procedures.
These purchase transactions are for all sorts of goods and
services from office supplies to construction services. |
How
Can Your Company Take Advantage
of the SAT? |
|
| The
SAT creates great opportunities for companies like yours because
it provides access to government contracts in ways that were not
available in
the past. To take full advantage of the SAT,
however, your company will need to plan carefully and implement
a systematic program of approach to seeking out the best
opportunities for winning contracts. Keep in mind that, so
long as you qualify as a small business, there are no limits on
the number of contracts you can perform within the SAT
framework.
To save time and
money, investing in the services of a knowledgeable professional
to develop your action plan may the quickest and most efficient
way to go. |
Where
Can You Find More Information
About the SAT? |
|
| The
legal authority for Simplified Acquisition Procedures is
codified under Title
41, Section 427 of the U.S. Code. You will also find
the regulatory framework for implementing the SAT under Part
13 of the Federal Acquisition Regulations. You may
obtain further information through Federal Access by completing
the Information Request Form. |
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