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Part III: Small Business Opportunities

Special consideration is given to small businesses. Every effort is made to insure that small businesses receive a fair share of Treasury prime contracts and subcontracts. The Small Business Administration (SBA) defines what constitutes a "small business" in a specific industry. The Treasury contracting offices, when soliciting bids or proposals, will specify the size for the particular procurement involved and require a written statement as to whether the bidder meets that standard. Business size standards are published in SBA's regulations at Title 13, CFR, Part 121. You may obtain further information on size standards for your industry by contacting the Small Business Administration.

If you own, operate or represent a small business, you should contact the bureau Small Business Specialists for marketing assistance and information. The Small Business Specialists will advise you as to what types of acquisitions are either currently available or will be available in the near future. A Forecast of Contract Opportunities is published each year by the Department and includes upcoming procurement information for each of the ten bureaus.

In keeping with national policy, the Department of the Treasury works closely with the SBA to help small concerns (of all types)  participate in Federal procurements.  Also, Treasury has a small business class set-aside program designed to ensure that small businesses receive a fair share of our repetitive procurements. This class set-aside program means that Treasury procurements for services and construction up to certain dollar amounts are reserved for small businesses. For additional information, please contact the Bureau Small Business Specialists.

Small business firms, especially newly formed organizations, are encouraged to contact their nearest SBA office for assistance and to learn of the many excellent programs and opportunities that are available to them.

 

 

 
Last Updated: 5/24/2016 5:17 PM

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