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The Small Business Administration (“SBA”) recently issued a final rule implementing new regulations regarding past performance ratings. Specifically, SBA’s rule provides a mechanism for small businesses to use past performance ratings from work the company performed as a member of a joint venture and as a first-tier subcontractor in certain circumstances. The rule is welcome news because it will bolster competition in prime contracts where critical past performance is tied to work a small business performed as a first-tier subcontractor or as a member of a joint venture.