SBA suspends business location rule for 8(a) construction companies
Rule lifted until Sept. 30, 2022 to ease COVID burden
The Small Business Administration announced it is suspending for 13 months its rule that 8(a) participants awarded a federal construction contract must maintain a “bona fide place of business” in the geographic location of the contract.
The rule is intended to reduce the burdens of doing business during the ongoing COVID-19 pandemic for 8(a) Business Development participants.
The suspension became effective Aug. 25 and applies to all 8(a) construction contracts offered to the 8(a) program between Aug. 25 and Sept. 30, 2022.
Under SBA regulations, 8(a) participants must set up a bona fide place of business--where regular work is maintained by at least one full-time employee--within a specific geographic area to be eligible for a construction contract through the 8(a) program...more....
