On June 12, 2014, the Small Business Administration (SBA) issued an interim rule, which goes into effect on July 14. This new rule increases the size standards applicable to nearly every NAICS code used in Federal Contracting (some were not adjusted, especially cases where the size is set by statue). This was the first time that the SBA adjusted any of the size standards to account for inflation since 2008.
Given that many sectors of the economy are starting to rebound, the SBA felt that it was time to make the small but necessary increases. It is of note that these …read more
Read more here: Government Contracting