SPECIAL NOTICE
99 -- SBA INCREASES MONETARY-BASED SIZE STANDARDS TO ACCOUNT FOR INFLATION
- Notice Date
- 2/15/2002
- Notice Type
- Special Notice
- Contracting Office
- Small Business Administration, Office of Administration, Office of Procurement and Grants Management, 409 Third Street, S.W., 5th Floor, Washington, DC, 20416
- ZIP Code
- 20416
- Solicitation Number
- Reference-Number-inflation-increase-02.15.2002
- Archive Date
- 3/17/2002
- Point of Contact
- Carl Jordan, Program Analyst, Phone 202-205-6093, Fax 202-205-6390,
- E-Mail Address
-
carl.jordan@sba.gov
- Description
- Effective February 22, 2002, the U. S. Small Business Administration (SBA) adjusted its monetary-based size standards, (e.g., receipts, net income, net worth and assets) for the effect of inflation. This action is intended to maintain the value of size standards in inflation-adjusted terms. From 1994 to the third quarter of 2001 the general level of prices in the United States increased approximately 15.8% as measured by the chain-type price index for gross domestic product. This change will restore eligibility to firms that may have lost small business status solely due to the effect of inflation. SBA is also adding a provision in its regulations that will require, at least once every five years, an assessment of the inflationary impact on monetary-based size standards. This periodic review will generally ensure that monetary-based standards are current with inflationary factors, as appropriate, and that firms will not lose small business status due solely to the effect of inflation. For the purposes of Federal procurements, this rule applies to solicitations, except for noncompetitive Section 8(a) contracts, issued on or after February 22, 2002. For the purpose of noncompetitive Section 8(a) contracting actions, the new size standards are applicable to offers of requirements that are accepted by SBA on or after February 22, 2002. SBA published this change as an interim final rule in the Federal Register on January 23, 2002. Comments to the interim final rule are due to SBA by February 22, 2002. The interim final rule can be downloaded and/or viewed at http://www.sba.gov/size/indexwhatsnew.html.
- Record
- SN00027516-W 20020217/020215213301 (fbodaily.com)
- Source
-
FedBizOpps.gov Link to This Notice
(may not be valid after Archive Date)
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