Business Size Determination

Depending on your industry, there are wildly different limits on what makes a company a small business or an "other than small business".  Hop into the episode to find out how to make sure you're landing where you should.

As always if you have any questions, or if you’d like direct support from a GSA consultant to help with a specific project please feel free to reach out to us at podcast@elevategsa.com


Episode Notes:

For more episodes: www.elevategsa.com/podcast

Helpful Links:

SAM.gov: https://sam.gov/content/home

Electronic Subcontracting Reporting System: http://www.esrs.gov

Transcript

Welcome to GSA 101 brought to you by Elevate GSA: where we turn GOVSPEAK into a language YOU speak.  My name is Hannah Struss and I have Collin Hartsell here with me and we are going to be talking about how business size is determined inside GSA. 

If you are new to the world of government contracting, you may be asking yourself what constitutes a “small business” versus an “other than small” business designation? These are vague terms for a reason, and largely depend on what NAICS codes your company primarily operates under. Your primary NAICS code chosen inside your SAM.gov account ultimately determines whether your company is listed as a small business or other than small business (OTSB).

For instance, NAICS code 541611 lists any company who pulls in less than $24.5 million a year as a small business. Other NAICS codes may make this determination based on the number of employees a company has. The primary NAICS code listed in SAM.gov should correlate to the SIN you are pursuing inside GSA, and again will be the basis for whether or not your company is considered small, or OTSB.

Should your company size change as the years progress, you can update it at the time of option period renewal. For GSA contracts this opportunity arises every 5 years. For companies being designated as “other than small”, you will need to submit subcontract reporting plans to show how you plan to meet subcontract goals for the year. Annual reports will also need filed at the eSRS website linked down below, by October 30th to ensure subcontracting goals are being met.

We hope this has shed some light on the topic for everyone and as always if you have any questions of if you’d like direct support with your contract please feel free to reach out at podcast@elevategsa.com.

Thanks for listening!