Indiana Administrative Code
Title 25 - INDIANA DEPARTMENT OF ADMINISTRATION
Article 1.5 - SMALL BUSINESS PROCUREMENTS AND PROJECTS
Rule 3 - Procedures
Section 3-1 - Qualification as small business
Universal Citation: 25 IN Admin Code 3-1
Current through March 20, 2024
Authority: IC 4-13-1.3-4; IC 4-13.6-2-11; IC 4-13.6-3-1; IC 5-22-14-3
Affected: IC 4-13.6; IC 5-22-14
Sec. 1.
(a) For purposes of determining whether a business is a small business, all affiliates of the business will be considered as part of the business.
(b) Whenever reference is made to a number of employees in this section, the number shall mean the average number of employees that the business had during its most recently completed fiscal year.
(c) A business is not a small business if it fails to meet the following restrictions:
(1) For a construction business: average
gross annual receipts for the current and three (3) previous fiscal years are
four million dollars ($4,000,000) or less.
(2) For a manufacturing business: the number
of its employees is one hundred (100) or less.
(3) For a retail business: average sales and
receipts for the current and three (3) previous fiscal years are five hundred
thousand dollars ($500,000) or less.
(4) For a service business: average sales for
the current and three (3) previous fiscal years are five hundred thousand
dollars ($500,000) or less and the number of its employees is twenty-five (25)
or less.
(5) For a wholesale
business: annual sales for its most recently completed fiscal year are four
million dollars ($4,000,000) or less.
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