What is NAICS?

Chris WiedemannWhat is a contract vehicle?By Chris Wiedemann, consultant

Over the course of this series, we’ve covered a lot of the ins and outs of government contracting in the IT and COTS space.

Of course, the government buys products and services across the full range of the American economy, in addition to its role in monitoring, reporting on and regulating American industry. That led to the need for a classification system to bucket American companies based on the service or product they provide – the North American Industrial Classification System (NAICS).

NAICS codes, as they are known, are six-digit codes that categorize companies and are used by the government in different ways. For example, every solicitation that an agency releases must indicate a primary NAICS that the solicitation pertains to (and, in some cases, additional NAICS codes that might apply).

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Do You Qualify for the New Small Business Size Standards?

Jeff Ellinport_Gov Sales Insider_65 x 88by Jeff Ellinport, Deputy General Counsel

The Small Business Administration (“SBA”) is changing its revenue based size standards to account for more than five years of inflation since the last adjustment. The new size standards take effect on July 14, 2014 and affect almost one-half of the NAICS code industries including services, information, construction and retail. With this adjustment, theSBA Seal largest revenue-based small business size standards will be $38.5 million, up from $35.5 million. This adjustment is separate from the SBA’s comprehensive review of all size standards required every five years by the Small Business Jobs Act of 2010. Businesses may want to review the new size standards to determine whether they now qualify as a small business concern. Additionally, current government contractors should make sure their certifications are up to date based on these new size standards in the System for Award Management (SAM). You can read the SBA’s announcement here:  http://www.sba.gov/content/what%27s-new-with-size-standards

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