Narrow by location

Size Determination Measurement Period Changed from Three Years to Five Years

Economic

By

On December 17, 2018, President Trump signed into law a bill that amends the Small Business Act to require that the size of a federal contractor be measured by an average of five years, rather than three years, of revenue for the purpose of determining small business program eligibility.

The bill—known as the Small Business Runway Extension Act of 2018 (H.R. 6330)—“is designed to reduce the impact of rapid-growth years which result in spikes in revenue that may prematurely eject a small business out of their size standard.” The bill also aims to “allow small businesses at every level more time to grow and develop their competitiveness and infrastructure, before entering the open marketplace.”

The bill is effective immediately, and the Small Business Administration presumably will update its regulations accordingly in the near future.

For more, visit www.buildsmartbradley.com.

 

Nonresidential Spending Falls Slightly in March, But Private Construction Hits a New High

According to an Associated Builders and Contractors analysis of U.S. Census Bureau data, national nonresidential construction spending declined 0.3%... »

U.S. Economic Growth Crosses 3% Threshold to Begin the Year, Says ABC

The U.S. economy expanded at an annualized 3.2% rate during the first quarter of 2019, according to an... »

Federal Court Rules Contractor Is Not Intended Third-Party Beneficiary under Owner-Engineer Agreement

By Amandeep S. Kahlon, Bradley In March, a Massachusetts federal court addressed whether a design-builder contractor could recover... »

Why Contractors Need a Social Impact Strategy

Reposted with permission from constructionexec.com, January 27, 2019, all rights reserved. Copyright 2019 Social impact sounds simple enough: creating... »

LEAVE YOUR COMMENT

Your email address will not be published. Required fields are marked *