Set-aside
A set-aside reserves a contract for competition among one class of businesses: small businesses in general, or firms certified as 8(a), HUBZone, service-disabled veteran-owned (SDVOSB) or women-owned (WOSB).
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Definition
A set-aside reserves a contract for competition among one class of businesses: small businesses in general, or firms certified as 8(a), HUBZone, service-disabled veteran-owned (SDVOSB) or women-owned (WOSB).
Under the Small Business Act, federal purchases above the micro-purchase threshold ($15,000) and up to the simplified acquisition threshold ($350,000) are reserved for small businesses when at least two can compete at fair prices. Above that, the contracting officer sets aside when market research shows enough capable small firms (the "rule of two").
How it differs
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vs. Sole-source award
A sole-source award goes to one named firm; a set-aside is still a competition, only among eligible firms. What is Sole-source award?
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Questions
What does "set-aside" mean in procurement?
A set-aside reserves a contract for competition among one class of businesses: small businesses in general, or firms certified as 8(a), HUBZone, service-disabled veteran-owned (SDVOSB) or women-owned (WOSB).
What is the difference between Set-aside and Sole-source award?
A sole-source award goes to one named firm; a set-aside is still a competition, only among eligible firms.