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Key Economic Indicators 
Item  Rate 
CPI: 0.3% (Oct 2018) 
GDP Growth:   3.5% (3rd QTR 2018)
Bank Prime Interest Rate:   5.25%
Consumer Confidence:  137.9% (Oct 2018) 
Small Biz Confidence:  107.4% (Oct 2018) 
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13 Feb 2015


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Sole Source Contracts for Women-Owned Small Businesses

Women small businesses will get the opportunity to receive sold source contracts under the new National Defense Authorization Act of 2015 (NDAA) - Section 825.

Under the new law the Small Business Act will be amended to state that women owned small businesses certified by a federal agency, a state government, or a national certifying agency approved by the Administrator, as a small business concern owned and controlled by women can be granted sole source contracts if the following conditions are met.

a.  They must be assessed by the Contracting Officer to be a responsible contractor with respect to performance of the contract opportunity.

b. The contracting officer does not have a reasonable expectation that 2 or more women owned small businesses will compete for the contract.

c.  The contract award  price will not exceed $6,500,000 for manufacturing and $4,000,000 for any other type of contract.

d. The contract award can be made at a fair and reasonable price.

Before the new law women owned small businesses certified as such would have to provide additional information in addition to their certification to provie their minority status.

The law also gives the Contracting Officer the authority to grant such sole source contracts to women owned small businesses.

National Defense Authorization Act 2015
Small Business Act (15 U.S.C. 637)

By Wendy Stewart













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