The Small Business Association (SBA) released its Small Business Procurement Scorecard in an effort to increase transparency and assure that small businesses are receiving their fair share of government contracts.
To cleanse the database of miscoded contracts, federal agencies spent months reviewing 11 million contract actions from the last two years at the request of the White House Office of Federal Procurement and the SBA.
On June 30, the federal regulations were amended and contracts that were once offered to small businesses that were later acquired by larger companies will no longer count towards the federal agency small business goals.
The SBA scorecard rates 24 agencies green, yellow, or red on whether the agency reached their annual small business contracting goals and on their efforts to make contracting opportunities available to other small businesses. A green rating means that an agency has met its small business contracting goals as well as the goals for at least three of four subcategories.
The contracting goals are determined annually in consultation with the SBA and each federal agency has a different small business contracting goal. The SBA scorecard will be updated every six months and will ensure that the sum total of all the goals exceed the 23 percent target established by law.
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