NORTH AMERICAN INDUSTRY Sample Clauses

NORTH AMERICAN INDUSTRY. CLASSIFICATION SYSTEM (NAICS) The Office of Management and Budget’s (OMB's) North American Industry Classification System (NAICS) is a coding system for classifying where services are performed by type of economic activity in order to analyze economic data and promote uniformity in describing the economy. The Small Business Administration (SBA) assigns a business size standard to each NAICS code, which is usually stated in number of employees or average annual receipts, to represent the largest size that a business (including its subsidiaries and affiliates) may be to remain classified as a small business by the SBA in order to qualify for small business socio-economic programs. NAICS Codes and small business size standards are periodically updated and revised by SBA. If SBA revises NAICS Code(s) and small business size standard(s) that are within the scope of OASIS during the term of OASIS, the OASIS CO may need to update the OASIS MA-IDIQ task order contracts to reflect the updated NAICS Code(s) and small business size standards(s).
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NORTH AMERICAN INDUSTRY. CLASSIFICATION SYSTEM (NAICS) The Office of Management and Budget’s (OMB) NAICS is a coding system for classifying where services are performed by type of economic activity in order to analyze economic data and promote uniformity in describing the economy. The Small Business Administration (SBA) assigns a business size standard to each NAICS Code, which is usually stated in number of employees or average annual receipts, to represent the largest size that a business (including its subsidiaries and affiliates) may be to remain classified as a small business by the SBA in order to qualify for small business socio-economic programs. NAICS Codes and small business size standards are periodically updated and revised by the SBA. If the SBA revises NAICS Code(s) and small business size standard(s) that are within the scope of HCaTS SB during the term of HCaTS SB, the HCaTS SB CO may need to update the contracts to reflect the updated NAICS Code(s) and small business size standard(s).
Sample 1

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