The Small Business Administration has proposed increasing the size standard for engineering firms from $4.5 million to $19 million in average revenues over three years. The current size standard has been in place since 2005. Firms that fall below the standard may compete for federal contracts as a small business. NSPE supports increasing the size standard to allow more engineering firms to compete as small businesses.
SBA Proposes $19 Million Size Standard for Engineering
Monday, March 28, 2011