Current through October 31, 2024
Section 101.1107 - Bidding credits for very small businesses, small businesses and entrepreneurs(a) A winning bidder that qualifies as a very small business, as defined in § 101.1112 , or a consortium of very small businesses may use a bidding credit of 45 percent to lower the cost of its winning bid.(b) A winning bidder that qualifies as a small business, as defined in § 101.1112 , or a consortium of small businesses may use a bidding credit of 35 percent to lower the cost of its winning bid.(c) A winning bidder that qualifies as an entrepreneur, as defined in § 101.1112 , or a consortium of entrepreneurs may use a bidding credit of 25 percent to lower the cost of its winning bid.(d) The bidding credits referenced in paragraphs (a), (b) and (c) of this section are not cumulative. 68 FR 43002 , July 21, 2003