Sba Naics Size Standards 2024. Contracting officers must designate a naics code for a contract according to title 13 part 121.402 of the code of federal regulations (cfr). Both the tool and the table help you find the small business classification requirements according to individual naics codes.
On march 31, 2022, sba published a final rule in the federal register (87 fr 18627) revising small business size definitions (commonly referred to as โsize standardsโ) for businesses in four north american industry classification system (naics) sectors: These standards vary by industry and are based on metrics like the number of employees and average annual receipts.