Procurement
Sole Source Contract
A contract awarded to a specific contractor without competitive bidding.
In context
How Sole Source Contract works in supplier diversity
Sole source contracts are permitted in certain circumstances, including when only one source can meet the requirement or for small purchases from certified small businesses. The 8(a) program allows sole source contracts up to $4.5 million for most industries. SDVOSBs and HUBZone businesses also have sole source authorities.
Example
Real-world example
The certification quiz checks your business against every certification we track. The result is a ranked list with the buyers each one opens. Or open the certification reference for the full guides.