Sec.  22.229   Designated entities.

   

   (a)  Eligibility  for  small  business  provisions.  (1)  A very small
   business  is  an  entity that, together with its controlling interests
   and  affiliates,  has  average  annual gross revenues not exceeding $3
   million for the preceding three years.

   (2)  A small business is an entity that, together with its controlling
   interests  and  affiliates,  has  average  annual  gross  revenues not
   exceeding $15 million for the preceding three years.

   (3)  An  entrepreneur is an entity that, together with its controlling
   interests  and  affiliates,  has  average  annual  gross  revenues not
   exceeding $40 million for the preceding three years.

   (b)  Bidding  credits. A winning bidder that qualifies as a very small
   business,  as  defined  in this section, or a consortium of very small
   businesses may use the bidding credit specified in Sec. 1.2110(f)(2)(i) of
   this  chapter. A winning bidder that qualifies as a small business, as
   defined  in  this section, or a consortium of small businesses may use
   the  bidding  credit specified in Sec. 1.2110(f)(2)(ii) of this chapter. A
   winning  bidder  that qualifies as an entrepreneur, as defined in this
   section,  or  a consortium of entrepreneurs may use the bidding credit
   specified in Sec. 1.2110(f)(2)(iii) of this chapter.

   [ 67 FR 11434 , Mar. 14, 2002, as amended at  68 FR 42998 , July 21, 2003]

Subpart C--Operational and Technical Requirements

   

Operational Requirements