What is the Rule of Two?

Federal contract information for Total Small Business Setasides states -that purchases “shall be set aside for small business unless the contracting officer determines there is not a reasonable expectation of obtaining offers from two or more responsible small business concerns that are competitive in terms of market prices, quality, and delivery”. This is done for contracts worth over $3,000 but under $150,000 which are automatically reserved exclusively for Small Businesses. Anything over $150,000 can also be taken by Small Businesses but it is no longer exclusive to them. This requirement is commonly called the "rule of two," For more information visit website through #Set aside contracts.

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