Set-Asides

Set-asides are policies that reserve a specific portion of government contracts or opportunities for businesses that meet certain criteria, often aimed at promoting fairness and diversity. For example, a government might allocate a percentage of contracts exclusively for small, minority, or women-owned businesses. These measures help underrepresented groups access markets they might otherwise find difficult to penetrate, encouraging broader participation and competition. Set-asides ensure that qualified different types of businesses have opportunities to compete for government work, fostering economic inclusion and supporting diverse suppliers.