Bidding activity from small businesses for federal contracts dropped significantly over the last 5 years, an August American Express government contracting survey says.
The company sent surveys to all small businesses registered within the System for Award Management and performed on a contract in the last 5 years, receiving 684 responses.
Survey authors say the data shows small business submitting fewer bids or proposals, with the average annual number dropping by 72 percent for prime contract bids since 2007, the survey says. In 2012, small business respondents submitted on average 7.9 bids or proposals, as opposed to 19.5 in 2007.
One reason for a decrease in bidding activity may be reductions in government spending, the survey says.
Keep reading this article at: http://www.fiercegovernment.com/story/small-businesses-bid-fewer-contracts-over-last-5-years-survey-says/2013-08-14
Download the report at: http://assets.fiercemarkets.net/public/sites/govit/amexsurvey.pdf
