Supplier Diversity Glossary

Definitions for 60 terms, acronyms, and concepts in supplier diversity

S

Service-Disabled Veteran-Owned Small Business

SDVOSB

A small business that is at least 51% owned and controlled by one or more veterans with a service-connected disability.

Certifications

Set-Aside Contract

A federal contract reserved exclusively for competition among specific categories of small businesses.

Procurement

Small Business Administration

SBA

The federal agency that supports small businesses through loans, contracting assistance, and certification programs.

Organizations

Small Business Development Center

SBDC

SBA-funded centers that provide free business consulting and training to small businesses.

Organizations

Small Business Enterprise

SBE

A business that meets size standards established by the SBA for its industry classification.

Certifications

Small Business Goaling

The statutory requirement for federal agencies to award a percentage of contracts to small businesses.

Business Terms

Small Disadvantaged Business

SDB

A small business that is at least 51% owned by one or more disadvantaged individuals.

Certifications

Social Disadvantage

A condition where individuals have been subjected to racial or ethnic prejudice or cultural bias that has affected their business opportunities.

Compliance & Legal

Sole Source Contract

A contract awarded to a specific contractor without competitive bidding.

Procurement

Standard Industrial Classification

SIC

A legacy 4-digit classification system for industries that has been largely replaced by NAICS codes.

Codes & Classifications

Subcontracting Plan

A required plan for federal contracts over $750,000 describing how a contractor will use small business subcontractors.

Government Programs

Subcontractor

A contractor that is hired by a prime contractor to perform a portion of work under a contract.

Procurement

Supplier Diversity Program

A proactive business program that promotes the use of diverse-owned businesses in an organization's supply chain.

Business Terms

System for Award Management

SAM

The official federal government database where businesses must register to receive government contracts.

Codes & Classifications

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