Government Updates Rules for Proving You're Still Small
Published Date: 1/3/2025
Rule
Summary
Starting January 17, 2025, businesses working with the government must update their size and socioeconomic status info more often, thanks to new rules from DoD, GSA, and NASA. This change helps keep things fair and clear when companies compete for contracts. If you’re a contractor, get ready to keep your info fresh or risk missing out on opportunities!
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Previous / Next Documents
Previous: 2024-31403 — Federal Acquisition Regulation: Improving Consistency Between Procurement and Nonprocurement Procedures on Suspension and Debarment
Starting January 17, 2025, the DoD, GSA, and NASA are updating rules to make suspension and debarment procedures more consistent across government contracts and other programs. This means contractors and agencies will see clearer, fairer processes with fewer confusing differences. No big cost changes are expected, but everyone involved should get ready for smoother, more aligned rules.
Next: 2024-31407 — Federal Acquisition Regulation: Subcontracting to Puerto Rican and Covered Territory Small Businesses
Starting January 17, 2025, new rules will make it easier and more rewarding for big government contractors to team up with small businesses in Puerto Rico and other U.S. territories. This change helps these small businesses get more chances to shine and win government work, thanks to updated incentives from the Small Business Administration. If you’re a contractor or small biz in these areas, get ready to benefit from these fresh opportunities!