A procurement approach in which a contract opportunity is reserved exclusively for businesses that meet specified eligibility criteria, preventing other suppliers from competing for the award. Set-asides are commonly used to support small businesses, Indigenous businesses, veteran-owned businesses, minority-owned businesses, or other designated socio-economic groups. By limiting competition to eligible suppliers, governments can increase participation by underrepresented businesses, promote economic development, and advance public policy objectives while maintaining a competitive procurement process within the eligible supplier group.
Set-aside
A procurement reserved exclusively for suppliers meeting specified eligibility criteria, such as small or veteran-owned businesses.
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Casual drinks with the people who win federal business. Alongside AFCEA LA Space Industry Days.
Related Glossary Terms
The official compilation of permanent U.S. federal laws, providing the statutory basis for many contracting requirements.
A global classification system used to categorize products and services for procurement and spend analysis.
A unique 12-character identifier assigned via SAM.gov to organizations doing business with the federal government, replacing the DUNS number.
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