The U.S. Small Business Administration (SBA) on May 11, 2020, published its long-awaited Final Rule implementing important changes for Women-Owned Small Business Concerns (WOSBs) and Economically Disadvantaged Women-Owned Small Business Concerns (EDWOSBs) participating in the Procurement Program for Women-Owned Small Business Concerns (Program).
Among other things, the Final Rule requires a certification for businesses competing for set-aside or sole source contracts under the Program, and to those seeking to be awarded multiple award contracts for pools reserved for WOSBs and EDWOSBs. It also changes EDWOSB requirements to be consistent with the 8(a) Business Development (BD) Program.
The rule becomes effective on July 15, 2020; however, it’s important to note that many of the specific changes do not go into effect until Oct. 15, 2020.
Some of the important points are summarized here in more detail: https://www.mondaq.com/unitedstates/government-contracts-procurement-ppp/934468/sba-issues-final-rule-implementing-certification-for-women-owned-small-businesses
