What is an SBA 8a?

What is an SBA 8a?

SBA (8a) is an ownership/diversity certification sponsored by the Small Business Association (SBA) of the United States government. The 8(a) program is a nine-year business development program that provides business training, counseling, marketing and technical assistance to small businesses that have been certified.

What is an 8a Small Disadvantaged Business?

The 8(a) program is a robust nine-year program created to help firms owned and controlled by socially and economically disadvantaged individuals. Businesses that participate in the program receive training and technical assistance designed to strengthen their ability to compete effectively in the American economy.

What are the exceptions to full and open competition?

6.302 Circumstances permitting other than full and open competition.

• 6.302-1 Only one responsible source and no other supplies or services will satisfy agency requirements.
• 6.302-2 Unusual and compelling urgency.
• 6.302-3 Industrial mobilization; engineering, developmental, or research capability; or expert services.

What is a Super 8a?

Super 8(a) businesses are firms that are owned by Indian tribes, Alaskan Native Corporations (ANCs), and Native Hawaiian Organizations (NHOs).

What is a dollar threshold?

Dollar Threshold in certain states with no-fault auto insurance, the dollar threshold prevents individuals from suing to recover for pain and suffering unless their medical expenses exceed a specified dollar amount, called the threshold.

What is an 8a Small Disadvantaged business?

How do I know if I am economically disadvantaged?

The financial thresholds at the time of application are:

• Personal net worth less than $250,000. Personal net worth is calculated by subtracting liabilities from assets.
• Average three year adjusted gross income less than $250,000.
• Fair market value of all assets cannot exceed $4 million.

What is considered full and open competition?

“Full and open competition” means that all responsible sources are permitted to submit sealed bids or competitive proposals on the procurement. It is the preferred form of contracting and includes contracting by sealed bids, negotiation, and other procedures (reference Federal Acquisition Regulation (FAR), 48 CFR 2.1).

What are the three levels of competition FAR?

There are three possible levels of competition in the acquisition process. (1) Full and Open Competition, FAR Subpart 6.1; (2) Full and Open Competition After Exclusion of Sources, FAR Subpart 6.2; and (3) Other Than Full and Open Competition, FAR Subpart 6.3.