Common use of Sole Source Procurements Clause in Contracts

Sole Source Procurements. i. SBA will issue either an acceptance letter or rejection letter within five (5) working days of receipt of an offering letter, unless the District Office requests and the procuring activity agree to an extension of time. ii. Absent a notification of rejection within five (5) working days of receipt of the offer, acceptance may be assumed on the sixth (6th) working day unless an extension has been requested and accepted, except for provision of FAR § 19.808-1 for 8(a) sole-source procurements that exceed $20 million. iii. For procurement over $20 million, if the U.S. Department of Homeland Security has not received an acceptance or rejection letter from the District Office on the 6th working day, the U.S. Department of Homeland Security must seek SBA’s acceptance through the Associate Administrator, Office of Business Development (AA/BD). iv. Acceptance shall include a size verification and determination with respect to all elements of eligibility (i.e., determination of adverse impact, North American Industry Classification System (NAICS) code appropriateness and program eligibility). See citations 13 C.F.R. § 124.503(b), 124.504(c) and 124.112.