NAICS Code
The industry classification that sets small business size standards.
Definition
The North American Industry Classification System assigns a six-digit code to industries. Contracting officers designate one NAICS code per solicitation, which fixes the applicable small business size standard.
Why it matters
The assigned code determines whether you qualify as small for that specific bid — and it can be appealed.
Example
541512 Computer Systems Design Services carries a $34M revenue size standard.
Related terms
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