Small Business Administration Issues Final Size Standards Rules

Only Dredging and Land Subdivision NAICS Codes Change As part of its ongoing comprehensive size standards review, the U.S. Small Business Administration (SBA) published a final rule on construction industry size standards for small businesses on Dec. 23 of last year. The final rule increases only two of the 32 size standards for Construction North American Industry Classification System (NAICS) codes:

1. Dredging and Surface Cleanup Activities from $20 million to $25.5 million; and
2. Land Subdivision from $7 million to $25.5 million.

The final rule is effective on Jan. 22, 2014. For more information, click here to view a client alert from Smith Currie & Hancock, LLP. For more information, please contact Jimmy Christianson at (703) 837-5325 or christiansonj@agc.org.