By Government Contracts Editorial Staff
The Small Business Administration has amended its regulations to adjust the monetary-based industry size standards for inflation. The rule updates the standards located in the table at SBA 121.201, entitled “Small Business Size Standards by NAICS Industry.” The monetary-based size standards, which consider receipts, assets, net worth, and net income, were last adjusted for inflation in 2014 (see the rules at ¶70,425.527 and ¶70,425.561). The updates pertain to receipts-based size standards for 518 industries and 9 subindustries, as well as assets-based size standards for 5 industries. The rule also adjusts for inflation receipts-based size standards that apply to sales or leases of government property (SBA 121.502) and stockpile purchases (SBA 121.512). For this interim final rule, SBA used the inflation adjustment methodology described in its “Size Standards Methodology” white paper. SBA applied the same methodology in its previous inflation adjustments. These size standards will be reviewed again as part of the ongoing second five-year review of size standards, as mandated by the Small Business Jobs Act of 2010 (PL 111-240). The rule goes into effect on August 19, 2019. Comments on this interim rule are due by September 16, 2019. For the text of the rule, see ¶70,425.635.
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