What is a ‘Set-Aside’ Contract?

How does an agency decide to ‘set-aside’ a contract for a small, 8(a), veteran-owned or woman-owned business?

The Contracting Officer takes into account what is known as “The Rule of Two”: A reasonable expectation that offers will be received by at least two responsible small businesses within a specific socio-economic category, and that the award will be made at a fair market price.

The Contracting Officer will conduct some market research, via a Request for Information, Sources Sought or Market Research notice on FedBizOpps; a search through the System for Award Management (SAM) or the SBA’s Dynamic Small Business Search (DSBS)site; looking at past contracts for similar products and services; or on commercial search engines like Google

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