Small Disadvantaged Business means a small business concern (as defined in FAR 19.001) that is at least 51 percent unconditionally owned by one or more individuals who are both socially and economically disadvantaged (as defined in this section), or a publicly owned business that has at least 51 percent of its stock unconditionally owned by one or more socially and economically dis- advantaged individuals (as defined in this section) and that has its manage- ment and daily business controlled by one or more such individuals.
Small Disadvantaged Business as used in this provision, means a small business concern that (a) is at least 51 percent owned by one or more individuals who are both socially and economically disadvantaged, or a publicly owned business having at least 51 percent of its stock owned by one or more socially and economically disadvantaged individuals and (b) has its management and daily business controlled by one or more such individuals.
Small Disadvantaged Business. (SDB) means a small business concern:
Examples of Small Disadvantaged Business in a sentence
For DoD, NASA, and Coast Guard acquisitions, solicitations that contain the clause at 52.219-23, Notice of Price Evaluation Adjustment for Small Disadvantaged Business Concerns.
In addition, Seller shall submit to Buyer Form X31162, Small and Small Disadvantaged Business and Women-Owned Small Business Subcontracting Plan Certificate of Compliance.
The timeframe for each Small Disadvantaged Business to provide or deliver the goods or services.
The form and amount of compensation each Small Disadvantaged Business will receive.
If a Small Disadvantaged Business or a Socially Disadvantaged Business subcontracts more than 40% of the total estimated dollar amount of the contract to other contractors, the Disadvantaged Business Participation scoring shall be proportionally lower for that proposal.
More Definitions of Small Disadvantaged Business
Small Disadvantaged Business means to either a "minority business enterprise" or a "handicapped business enterprise" as defined above.
Small Disadvantaged Business means a small business concern that is at least 51 percent
Small Disadvantaged Business means a small business concern that is at least 51 percent unconditionally owned by one or more Socially and Economically disadvantaged individuals; or in the case of any publicly owned business, at least 51 percent of the voting stock is unconditionally owned by one or more Socially and Economically disadvantaged individuals; and whose management and daily business operations are controlled by one or more such individuals; and is a U.S. Citizen who also resides in the United States. Socially disadvantaged individuals are: Those who have been subjected to ethnic prejudice or cultural bias because of their identity as a member of a group without regard to their individual qualities. Minorities are “presumed” Socially disadvantaged but Social disadvantaged status can be self-certified by non-minorities when an individual believes, “in good faith”, they have been subjected to a Social disadvantage due to a distinguishing feature (such as gender, physical handicap, etc.) or cultural bias (religion, ethnicity, etc.). In such cases, non-minority Social disadvantaged status would be based on personal experiences through a “preponderance of
Small Disadvantaged Business as used in this provision means a small business that: (i) has received certification as a small disadvantaged business consistent with 13 CFR part 124, Subpart B; (ii) no material change in disadvantaged ownership and control has occurred since its certification; (iii) where the is owned by one or more individuals, the net worth of each individual upon whom the certification is based does not exceed $750,000, after taking into account the applicable exclusions set forth at 13 CFR 124.104(c)(2); and (iv) is identified, on the date of its representation, as a certified small disadvantaged business in PRO-Net, the database maintained by the Small Business Administration.
Small Disadvantaged Business means a small business concern owned and controlled by socially and economically disadvantaged individuals that has received certification as a Small Disadvantaged Business in accordance with 13 CFR 124, Subpart B (FAR 52.219-8).
Small Disadvantaged Business means a small business concern that represents, as part of its offer, that it meets the criteria consistent with 13 CFR 124.1002 – Not less than 51 percent of which is unconditionally and directly owned by one or more socially and economically disadvantaged individuals who are citizens of the United States, the management and daily business operations of which are controlled by one or more socially and economically disadvantaged individuals; andWhere the concern is owned by one or more individuals, and each individual represents that their net worth does not exceed $750,000 after taking into account the applicable exclusions set forth at 13 CFR 124.104(c)(2).
Small Disadvantaged Business means either a "minority business enterprise" or "small disadvantaged businesses owned and controlled by persons with disabilities", as defined below.