Sec.  22.229   Designated entities.

   (a) Eligibility for small business provisions. (1) A very small business is
   an entity that, together with its controlling interests and affiliates, has
   average annual gross revenues not exceeding $3 million for the preceding
   three years.

   (2)  A small business is an entity that, together with its controlling
   interests and affiliates, has average annual gross revenues not exceeding
   $15 million for the preceding three years.

   (3)  An  entrepreneur is an entity that, together with its controlling
   interests and affiliates, has average annual gross revenues not exceeding
   $40 million for the preceding three years.

   (b)  Bidding  credits. A winning bidder that qualifies as a very small
   business,  as  defined  in this section, or a consortium of very small
   businesses may use the bidding credit specified in  Sec. 1.2110(f)(2)(i) of this
   chapter. A winning bidder that qualifies as a small business, as defined in
   this section, or a consortium of small businesses may use the bidding credit
   specified  in  Sec. 1.2110(f)(2)(ii) of this chapter. A winning bidder that
   qualifies as an entrepreneur, as defined in this section, or a consortium of
   entrepreneurs may use the bidding credit specified in  Sec. 1.2110(f)(2)(iii) of
   this chapter.

   [ 67 FR 11434 , Mar. 14, 2002, as amended at  68 FR 42998 , July 21, 2003]

Subpart C—Operational and Technical Requirements

Operational Requirements