Business

May 8, 2013

SBA rule to lift caps on contracts awarded to women-owned businesses

The Small Business Administration said this week it has finalized a rule that will expand federal contracting opportunities for women-owned and economically disadvantaged women-owned small businesses.

The Small Business Administration said this week it has finalized a rule that will expand federal contracting opportunities for women-owned and economically disadvantaged women-owned small businesses.

The rule eliminates limitations on the size of contracts that can be awarded to such firms, the SBA said in a news release. Previously, the award price of a contract for those firms could not exceed $6.5 million for manufacturing contracts and $4 million for all other contracts, it said.

“As a result of the rule change, contracting officers will be able to set aside specific contracts for certified WOSBs and EDWOSBs at any dollar level which will help federal agencies achieve the existing statutory goal of five percent of federal contracting dollars being awarded to WOSBs,” SBA said.

More information on the rule can be found at http://1.usa.gov/143AM4w.

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