The 408 Report to the Congress (officially known as the "Report to the U.S. Congress on Minority Small Business and Capital Ownership Development") is the report on SBA's 8(a) Business Development Program as required by the Business Opportunity Development Reform Act of 1988, 15 U.S. Code (U.S.C.)§636(j)16(A)(B)(C) and Small Business Act Section 7(j)(16)(A)(B)(C).
Acquisition The acquiring of supplies or services by the federal government with appropriated funds through purchase or lease.
Affiliates Business concerns, organizations, or individuals that control each other or that are controlled by a third party. Control may include shared management or ownership; common use of facilities, equipment, and employees; or family interest.
Best and Final Offer For negotiated procurements, a contractor's final offer following the conclusion of discussions.
This memorandum transmits the second installment of government-wide guidance for carrying out programs and activities enacted in the American Recovery and Reinvestment Act (“Recovery Act”) of 2009.
Significant work is underway at all levels of government and in communities across the nation to carry out the Recovery Act effectively. The attached guidance is intended to reinforce this progress by clarifying existing requirements and establishing additional steps that must be taken to facilitate the accountability and transparency objectives of the Recovery Act.