Federal Contracting and Subcontracting with Small Businesses

Download or read book Federal Contracting and Subcontracting with Small Businesses written by Kate Manuel and published by CreateSpace. This book was released on 2014-10-31 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: Congress has generally broad authority to impose requirements upon the federal procurement process (i.e., the process whereby agencies acquire supplies and services from other entities for the agency's direct benefit or use). One of the many ways in which Congress has exercised this authority is by enacting measures that encourage agencies to contract and subcontract with "small businesses." For purposes of federal procurement law, the term small business generally denotes a business that (1) is independently owned and operated, (2) is not dominant in its field of operations, and (3) has fewer employees or annual receipts than the standards that the Small Business Administration (SBA) has established for the industries in which the business operates.