Federal agencies may award sole source contracts to Women-Owned Small Businesses (WOSBs) and to Economically Disadvantaged Women-Owned Small Businesses (EDWOSBs), according to a final rule published by the U.S. Small Business Administration last week.
Under the rule, a contracting officer may award a sole source contract to a WOSB or EDWOSB when:
- The firm is a responsible contractor.
- The contracting officer does not expect that two or more WOSBs and/or EDWOSBs will submit offers.
- The award price will not exceed $6.5 million (manufacturing) or $4 million for all other contracts.
- The award can be made at a fair and reasonable price.
This rule goes into effect on October 14, 2015.
Eligibility requirements to be certified as a Women-Owned Small Business (WOSB) include:
- The firm must be at least 51 percent owned and controlled by one or more women, and primarily managed by one or more women.
- The women must be U.S. citizens.
- The firm must be “small” in its primary industry in accordance with SBA’s size standards for that industry.
- In order for a WOSB to be deemed “economically disadvantaged,” its owners must demonstrate economic disadvantage in accordance with the SBA eligibility requirements.
US Federal Contractor Registration help register companies and businesses as a WOSB.
- Submit paperwork that verifies your identity’
- Complete joint venture applicable paperwork (if applicable)
- Complete organization, corporation, or partnership agreements (if applicable)
- File applicable license applications
- Submit verification tax paperwork
- Submit and keep on file copies of past contracts and proposals
- Help you maintain a payroll distribution ledger summary
- File and document any services and operating agreements
- Help you complete applicable legal structure agreements
For more information, call us at 877-252-2700 ext. 1.