A set-aside is based partially on the value of the goods or services that the government is looking to purchase.
$3500 – $150,000
If a federal government purchase has a value between $3500 (also known currently as the “micro-purchase threshold”) and $150,000 (also known as the Simplified Acquisition Threshold or SAT) it is required to be automatically and exclusively set-aside for small businesses.
There must be at least two or more responsible small businesses (Rule of Two) that are competitive in terms of market price, quality and delivery for an automatic set-aside to occur.
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Contract opportunities above the SAT of $150,000 can also be set aside if the Rule of Two is met.
$700,000 or $1.5M for Construction
For any contract opportunities between $700,000 to $1.5M that are awarded to “Other Than Small Businesses (OTSB’s), these OTSB’s must have small business subcontracting plans where it is available. This is great news for small businesses and those that meet the small disadvantaged, HUBZone, veteran-owned, service-disabled veteran-owned and woman-owned criteria and certification.