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GAO Decision Underscores Complexity Of '180-Day Rule'

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Law360
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Steve Ramaley and Adam Bartolanzo analyzed a recent U.S. Government Accountability Office decision related to the “180-day rule” for Law360. The rule provides that, if a company undergoes a merger or acquisition — making it larger than a small business — within 180 days of submitting a proposal for a small business set-aside contract, it loses eligibility for that contract. The GAO’s decision last month “presents an extraordinary example of how the SBA's regulations can sometimes produce seemingly anomalous results,” they wrote. Click the link above to view the full PDF of the article.