The U.S. Small Business Administration (SBA) has implemented a new policy that enables the federal government to more accurately monitor contract awards when a small business is purchased or merged with a large business through the process of novation.

The new policy requires a business to recertify itself as small for federal contracts transferred to it from another business if the contract is to continue being counted as a small business contract. It will also assist small businesses in obtaining contracts as federal agencies seek out new small businesses for contracting opportunities.For additional information on the new policy, visit the SBA’s Office of Size Standards web page at www.sba.gov/size, and click on “What’s New, or go directly to the document found at www.sba.gov/size/techcor121affil.html.