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How will the change from SIC to NAICS affect federal contracting opportunities for small businesses?

April 26, 2017affect businesses contracting Federal NAICS opportunities SIC small

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How will the change from SIC to NAICS affect federal contracting opportunities for small businesses?

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Federal procuring agencies, starting October 1, 2000, must use the proper NAICS codes and size standards in their procurement solicitations. They will use the NAICS code, instead of the SIC code, that best describes the principal purpose of the product or service they intend to acquire.