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Set-Aside
(redirected from Set Asides)

   Also found in: Dictionary/thesaurus, Wikipedia 0.01 sec.
Set-aside
A percentage of a municipal or corporate bond underwriting that is allocated for handling by a minority-owned broker/dealer firm.

Set-Aside
The portion of a contract that is guaranteed to go to a minority owned company. For example, suppose a city wishes to contract out its trash collection services to a number of privately-owned companies. It may declare that 20% of the total value of the contract must go to one or more companies owned by a member of a minority group. While this is intended to reduce corruption in (especially local) governments, critics allege that this practice is, itself, subject to abuse. See also: Affirmative action.


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Skylarks nesting in set asides have found them vital for survival.
In sum, according to statute and regulations, small business set asides are mandatory for acquisitions valued between $3,000 and $100,000 and take priority over GSA Schedule contracts.
 
 
 
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