Agencies have not met the governmentwide goal of awarding at least 23 percent of all prime contracts to small businesses since 2006.
Despite that, Rep. Sam Graves (R-Mo.), chairman of the Small Business Committee, believes it’s time to raise the goal.
Graves introduced legislation last Wednesday (Feb. 26, 2014) to increase the percentage of contracts that are mandated to go to small firms to 25 percent, which equates to about $10 billion more a year for these companies.
The Greater Opportunities for Small Business Act of 2014 would create a goal for agencies to ensure 40 percent of all subcontract awards go to small businesses, increasing from 35.9 percent. The bill also would require that only prime contract awards can count toward the prime contract goal.
Graves introduced the Contracting Data and Bundling Accountability Act of 2014 last week.
This bill will try to bring more data and transparency to how agencies bundle contracts.
Keep reading this article at: http://www.federalnewsradio.com/65/3570622/Rep-Graves-tries-again-to-increase-small-business-contracting-goals
