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Set-Aside

Contract reserved exclusively for specific small business categories.

Definition

Set-Aside Contract reserved exclusively for specific small business categories.

Definition

A set-aside is a contract reserved exclusively for certain categories of small businesses. Only businesses in that category can compete. The federal government has goals to award 23% of contracts to small businesses through various set-aside programs.

Related Terms

  • 8(a) Program

    SBA business development program for disadvantaged small businesses.

  • HUBZone

    Historically Underutilized Business Zone program.

  • Small Business

    Business meeting SBA size standards for its industry.

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