NAICS code

The North American Industry Classification System code that describes what a business does. US federal tenders name one NAICS code, which sets the small-business size limit; 541511 is custom computer programming.

Also called: NAICS

Related terms

Set-aside

A US federal tender that only small businesses, or a category of them such as 8(a) or service-disabled veteran-owned firms, may bid on. Set-asides are a major route in for small IT firms.

SAM.gov

The US government’s System for Award Management, where firms register to do federal business and where federal contract opportunities are posted. Registration is free and gives a firm its Unique Entity ID.