Small Business Administration (SBA) has a program to assist small and economically disadvantaged businesses called 8(a) classification. See if you qualify for this program. Large companies and federal government agencies are obligated to set aside some percentage of their contracts earmarked for these business owners. Use the form ???? to test the business owner eligibility.
To qualify for the 8(a) program, follow this eligibility checklist:
Be a small business
Not already have participated in the 8(a) program
Be at least 51 percent owned and controlled by U.S. citizens who are economically and socially disadvantaged
Be owned by someone whose personal net worth is $250,000 or less
Be owned by someone whose average adjusted gross income for three years is $250,000 or less
Be owned by someone with $4 million or less in assets
Have the owner manage day-to-day operations and also make long-term decisions
Have all its principals demonstrate good character
Show potential for success and be able to perform successfully on contracts
The federal government fully defines who qualifies for the 8(a) program — including what counts as being economically and socially disadvantaged — in Title 13 Part 124 of the Code of Federal Regulations (CFR). You can also get a preliminary assessment of whether you qualify at the SBA’s Certify website.
DCAA Cost Realisim
Cost Realism Analysis is the process of independently reviewing and evaluating specific elements of each offeror’s proposed cost estimate to determine whether the estimated proposal cost elements are realistic for the work to be performed; reflect a clear understanding of the requirements; and are consistent with the ..Price and Cost Realism in Government Contracting go to
For 8 types of bonusses click below
NAICS updates: New one is 2017 version