Rule of Two
Set aside a buy when two or more capable small businesses are expected.
Definition
Contracting officers must set aside an acquisition above the micro-purchase threshold when there is a reasonable expectation of offers from at least two responsible small businesses at fair market prices.
Why it matters
Responding to Sources Sought notices is how you create the record that triggers this rule.
Example
Three small business responses convert a planned full-and-open buy into a set-aside.
Related terms
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