On October 7, 2010, the U.S. Small Business Administration published a final rule effective February 4, 2011, aimed at expanding federal contracting opportunities for women-owned small businesses (WOSBs). The Women-Owned Small Business (WOSB) Federal Contract program authorizes contracting officers to set aside certain federal contracts for eligible:
- Women-owned small businesses (WOSBs) or
- Economically disadvantaged women-owned small businesses (EDWOSBs)
Yesterday, the Federal Acquisition Regulation (FAR) provision 52.212-3, 52.219-1 and 52.219.22 were officially published.
This means that those companies that are woman owned will now have a set-aside advantage. Combined with a GSA Contract, this set-aside advantage can mean woman-owned businesses can enjoy less competition on bids.