It called for the five-year averaging period.ĪGC’s Howard says that some in Congress felt that the three-year period limited small firms’ ability to bid on certain projects. That proposal follows the Small Business Runway Extension Act, which became law last Dec. At present, firms use a three-year average. Under SBA’s new receipts-averaging proposal, published in the June 24 Federal Register, companies can average their annual receipts for five consecutive years to determine the figure used to meet the agency’s size standard. Their minimum will be set at $41.5 million, a boost of 7.8%.įor architectural services firms, the new threshold will be $8 million, up 6.7% from $7.5 million now. The exception is small businesses handling engineering contracts and subcontracts awarded under the 1992 Energy Policy Act. That’s a hike of $3 million, or 8.2%, from the current level.Īn exception is dredging and surface cleanup companies, whose new threshold will be $30.0 million, up from the present $27.5 million.įor companies in the specialty trade contractors category, the new benchmark is $16.5 million, up 10% from the current mark.įor engineering services, SBA’s new threshold is $16.5 million, a 10% boost from the present number. SBA estimates that the higher standards will allow 90,000 additional companies to qualify as small businesses and could result in up to $750 million more in federal small-business contracts, plus as many as 120 more small-business loans totaling about $65 million.įor construction firms that fall into the various buildings construction and heavy and civil engineering construction sub-categories, the new threshold will be set at average annual receipts of $39.5 million.
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