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The Small Business Administration Raises the Size Standards for the Construction Industry

The Small Business Administration (SBA) updated its revenue based size standards for small businesses through an interim rule published June 12, 2014, effective July 14, 2014.

The new size standards govern what contractors can certify as small businesses when they bid on or submit a proposal for projects on or after July 14, 2014, or seek certification, after that date, through the SBA or Department of Veterans Affairs for one of the specific small business programs, such as the HUBZone, Women Owned or the Service Disabled Veteran Owned small business programs.

Click here to go to the SBA web-site.

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