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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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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