Glossary · Glossary
NAICS
The standard system that classifies businesses by industry using numeric codes, used across North America for statistics and, in U.S. contracting, to define the scope of solicitations and size standards. A solicitation's NAICS code helps determine who counts as a small business for it.
The standard system that classifies businesses by industry using numeric codes, used across North America for statistics and, in U.S. contracting, to define the scope of solicitations and size standards. A solicitation’s NAICS code helps determine who counts as a small business for it.
Why it matters
NAICS codes classify a business by industry and, in federal contracting, set the small-business size standard for an opportunity; the code on a solicitation can decide whether a firm can even bid.
Standards & authorities
- North American Industry Classification System (U.S. Census Bureau)
- 13 CFR 121 (SBA size standards)
Related in glossary
Frequently asked
What is NAICS?
The standard system that classifies businesses by industry using numeric codes, used across North America for statistics and, in U.S. contracting, to define the scope of solicitations and size standards. A solicitation's NAICS code helps determine who counts as a small business for it.
Why does NAICS matter for defense and counter-UAS operators?
NAICS codes classify a business by industry and, in federal contracting, set the small-business size standard for an opportunity; the code on a solicitation can decide whether a firm can even bid.
What standard or authority governs NAICS?
NAICS is defined or governed by North American Industry Classification System (U.S. Census Bureau), 13 CFR 121 (SBA size standards).