GovCon Acronym Decoder
Government contracting runs on shorthand. Search any acronym and get a plain-English definition, when you will run into it, whether you need one, and where it comes from.
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1 of 172 terms matching "Rule of Two"
Rule of Two
If the contracting officer reasonably expects offers from at least two capable small businesses at fair market prices, the requirement must be set aside for small business.
When you see it
In set-aside decisions and in protests about them.
Do you need it
It is why responding to sources sought notices matters. Your response can help create the two.
Where it comes from
FAR 19.502-2.
Related terms
Rule of Two
If the contracting officer reasonably expects offers from at least two capable small businesses at fair market prices, the requirement must be set aside for small business.
When you see it
In set-aside decisions and in protests about them.
Do you need it
It is why responding to sources sought notices matters. Your response can help create the two.
Where it comes from
FAR 19.502-2.
Related terms
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