ANNOUNCED AS TEMPORARYNo
Public procurement preference margin
On March 16, 2017 the governor of Virginia signed into law a bill (S1334) that creates a preference of 5% for a bid or proposal for a state purchasing contract by small businesses. The bill allows (but does not require) that the governor provide “a price preference over noncertified businesses competing for the same contract award on designated procurements, provided that the bid of the certified small business or the business in such subcategory of small businesses established as a part of an enhancement program does not exceed the low bid by more than five percent.” This amounts to a domestic preference, insofar as existing state law defines "small business" to mean “a business, independently owned and controlled by one or more individuals who are U.S. citizens or legal resident aliens, and together with affiliates, has 250 or fewer employees, or annual gross receipts of $10 million or less averaged over the previous three years.”
⚑ Please report this page in case you detect an inaccuracy in its content.