[Code of Federal Regulations]

[Title 13, Volume 1]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 13CFR124.508]



[Page 397]

 

                TITLE 13--BUSINESS CREDIT AND ASSISTANCE

 

                CHAPTER I--SMALL BUSINESS ADMINISTRATION

 

PART 124_8(a) BUSINESS DEVELOPMENT/SMALL DISADVANTAGED BUSINESS STATUS 

DETERMINATIONS--Table of Contents

 

                   Subpart A_8(a) Business Development

 

Sec. 124.508  How is an 8(a) contract executed?



    (a) An 8(a) contract can be awarded in the following ways:

    (1) As a tripartite agreement in which the procuring activity, SBA 

and the Participant all sign the appropriate contract documents. There 

may be separate prime and subcontract documents (i.e., a prime contract 

between the procuring activity and SBA and a subcontract between SBA and 

the selected 8(a) concern) or a combined contract document representing 

both the prime and subcontract relationships; or

    (2) Where SBA has delegated contract execution authority to the 

procuring activity, directly by the procuring activity through a 

contract between the procuring activity and the Participant.

    (b) Where SBA receives a contract for signature valued at or below 

the simplified acquisition threshold, it will sign the contract and 

return it to the procuring activity within three (3) days of receipt.

    (c) In order to be eligible to receive a sole source 8(a) contract, 

a firm must be a current Participant on the date of award. (See Sec. 

124.507(d) for competitive 8(a) awards.)