In this episode of The GovCon Video Blog,™ we discuss briefly recent changes by the SBA to how annual revenue is calculated for purposes of revenue-based size standards. Specifically, we discuss the change from the use of a three-year averaging period to a five-year averaging period, the application of the five-year averaging period to service and non-service industries, the calculation of annual revenue when a segregable business division is acquired or sold during the averaging period, and a transition period during which businesses can choose to use either the old or the new averaging period to calculate annual revenue.
- Written by Mark A. Amadeo
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FOUR THINGS CONTRACTORS SHOULD KNOW ABOUT THE SBA'S CHANGES TO REVENUE-BASED SIZE STANDARDS