§  27.1218   Designated entities.

   (a) Eligibility for small business provisions. (1) A small business is
   an entity that, together with all attributed parties, has average gross
   revenues that are not more than $40 million for the preceding three
   years.

   (2) A very small business is an entity that, together with all
   attributed parties, has average gross revenues that are not more than
   $15 million for the preceding three years.

   (3) An entrepreneur is an entity that, together with all attributed
   parties, has average gross revenues that are not more than $3 million
   for the preceding three years.

   (b) Bidding credits. (1) A winning bidder that qualifies as a small
   business, as defined in this section, or a consortium of small
   businesses, may use a bidding credit of 15 percent, as specified in
   §  1.2110(f)(2)(iii) of this chapter, to lower the cost of its winning
   bid on any of the licenses in this subpart.

   (2) A winning bidder that qualifies as a very small business, as
   defined in this section, or a consortium of very small businesses, may
   use a bidding credit of 25 percent, as specified in §  1.2110(f)(2)(ii)
   of this chapter, to lower the cost of its winning bid on any of the
   licenses in this subpart.

   (3) A winning bidder that qualifies as an entrepreneur, as defined in
   this section, or a consortium of entrepreneurs, may use a bidding
   credit of 15 percent, as specified in §  1.2110(f)(2)(i) of this
   chapter, to lower the cost of its winning bid on any of the licenses in
   this subpart.

   [ 73 FR 26041 , May 8, 2008]

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Technical Standards

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