For a total set-aside, any acquisition valued between $3,000 and $150,000 is reserved exclusively for small businesses and therefore “set aside.”
Acquisitions estimated to be valued over $150,000 are set aside for small business participation when there is a reasonable expectation that offers from at least two responsible small businesses will be received at fair market prices.
Total small business set-asides may be conducted using simplified acquisition procedures, sealed bidding, or competitive proposals.
Regulatory reference: FAR subpart 19.5
