In the world of federal contracting, whether a business is small depends on the applicable NAICS Code and the corresponding size standard, which is expressed either in terms of number of employees OR in terms of revenue (see our prior Blog Post on this subject for more information). All federal procurement opportunities are assigned a NAICS Code by the Contracting Officer (CO), and the assigned NAICS Code is especially relevant for businesses that would like to represent themselves as small. That is, a particular business may be considered small for one NAICS Code but other than small for another NAICS Code.
The Small Business Blog
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SBA OHA: Compliance With Limits on Subcontracting Are Part of Responsibility Determination Not Size Determination
Busy Employee's Failure to Respond to SBA Size Protest Results In Issuance of Adverse Size Determination