§  90.1021   Definitions concerning competitive bidding process.

   (a) Scope. The definitions in this section apply to § §  90.1001
   through 90.1025, unless otherwise specified in those sections.

   (b) Small and very small business. (1) A small business is an entity
   that, together with its affiliates and controlling interests, has
   average gross revenues that are not more than $15 million for the
   preceding three years.

   (2) A very small business is an entity that, together with its
   affiliates and controlling interests, has average gross revenues that
   are not more than $3 million for the preceding three years.

   [ 62 FR 15999 , Apr. 3, 1997, as amended at  67 FR 46376 , July 9, 2002;  68 FR 43001 , July 21, 2003]

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