Set-aside

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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.
References in periodicals archive ?
That works only where the land is left to grow permanently to allow hedges and long grass to thrive, but when we have set aside areas that are there for only one year the environmental benefit in open fields is practically zero.
If we consider the set aside policy against this year's situation with the disastrous floods and crop yields down by a third in some areas, then we can see that it will exacerbate the problem.
We are very keen to see the situation resolved and hope the EU will agree to a zero per cent requirement for set aside this year; with a view to getting rid of it all together next year.
A spokeswoman said set aside had been "vital" in halting the fall in bird numbers, which began as long ago as 1945.
It is a species that declined as quickly as any other bird after the Second World War so the Government set targets for preserving its population and they were hit in 2005, mostly thanks to set aside land.
The RSPB is now putting pressure on the Government to allow some land for conservation if and when the set aside system is abandoned.
So Farmer Brown could fulfill his set aside requirement for the corn subsidy program by planting hay on 20 percent of his land.
GSA, in its response, argues that the Federal Acquisition Regulation says schedule orders do not have to be set aside, and that policy has been followed for many years.
If those orders were set aside, GSA said, "medium and large businesses would effectively be eliminated from the program.
FitNet filed its protest after the Army refused to set aside an order for wardrobe lockers valued at about $12,500.