Businesses that meet the applicable criteria for small or medium-sized enterprises under relevant legislation or government policy. In the UK, SMEs generally have fewer than 250 employees and meet specified financial thresholds. SMEs are often the focus of initiatives to improve access to public procurement opportunities. Note: The abbreviation SME can also mean Subject Matter Expert; the intended meaning should be clear from the context.
Small and medium-sized enterprises (SME)
Businesses meeting small or medium enterprise criteria (in the UK, generally fewer than 250 employees), often a focus for procurement access.
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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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