A small business concern is a firm that is independently owned and operated, not dominant in the field of operation in which it is bidding, and qualified as a small business under certain criteria and size standards.

Eligibility Criteria

  • Must not exercise a controlling or major influence on a national basis in a kind of business activity in which a number of business concerns are primarily engaged.
  • Must be small under North American Industrial Classification Standards for a specific industry
  • Consideration is given to volume of business, number of employees, financial resources, competitive status or position, ownership and control of materials, processes, patents, license agreements, facilities, sales territory and nature of business activity.

References