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SBA Reports $245.7 Billion In Prime Contract Awards And $82.8 Billion In Subcontract Award in 2020

  • Writer: R.D. Lieberman,Consultant
    R.D. Lieberman,Consultant
  • Oct 21, 2021
  • 2 min read

Each fiscal year, the Small Business Administration (“SBA”) reports on achievement of procurement goals, as required by Section 15(g) of the Small Business Act. 15 U.S.C.§ 644(g) (1) includes the various small business procurement goals which are summarized below:


Small Business Concerns: Not less than 23% of the total value of all prime contract awards for each fiscal year

Socially and Economically Disadvantaged Business: Not less than 5% of the total value of all prime contract and subcontract awards for each fiscal year

Women Owned Small Business: Not less than 5% of the total value of all prime contract and subcontract awards for each fiscal year

Service-disabled Veteran-owned Small Businesses : Not less than 3% of the total value of all prime contract and subcontract awards for each fiscal year

Historically Underutilized Business Zone Businesses: Not less than 3% of the total value of all prime contract and subcontract awards for each fiscal year.


Over the summer, the SBA reported that the federal government had exceeded its small business federal prime contracting goal in fiscal year 2020, awarding 26.01 percent or $145.7 billion in federal contract dollars to small business. This was a $13 billion increase from the previous fiscal year. In addition, the SBA reported that the federal government had awarded $82.8 billion in subcontracts to small businesses.


SBA reported that in 2020, the government exceeded the service disabled veteran owned small business and small disadvantaged business goals of 3 percent and 5 percent, respectively. However, the government fell short of meeting the goals for women owned small business and HUBZone businesses, 5 percent and 3 percent, respectively. In addition, despite the overall increase in the value of small business awards, the number of small businesses receiving prime contracts with the federal government actually decreased.


Finally, the SBA releases an annual scorecard that measures how well federal achieve their goals and provides data on agency-specific progress. The details are available online at the SBA website (www.sba.gov).


For other helpful suggestions on government contracting, visit:

Richard D. Lieberman’s FAR Consulting & Training at https://www.richarddlieberman.com/, and Mistakes in Government Contracting at https://richarddlieberman.wixsite.com/mistakes


 
 
 

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The website of Richard Donald Lieberman, a government contracts consultant and retired attorney who is the author of both "The 100 Worst Mistakes in Government Contracting" (with Jason Morgan) and "The 100 Worst Government Mistakes in Government Contracting." Richard Lieberman concentrates on Federal Acquisition Regulation (FAR) consulting and training, including  commercial item contracting (FAR Part 12), compliance with proposal requirements (FAR Part 15 negotiated procurement), sealed bidding (FAR Part 14), compliance with solicitation requirements, contract administration (FAR Part 42), contract modifications and changes (FAR Part 43), subcontracting and flowdown requirements (FAR Part 44), government property (FAR Part 45), quality assurance (FAR Part 46), obtaining invoiced payments owed to contractors,  and other compliance with the FAR. Mr.Lieberman is also involved in numerous community service activities.  See LinkedIn profile at https://www.linkedin.com/in/richard-d-lieberman-3a25257a/.This website and blog are for educational and information purposes only.  Nothing posted on this website constitutes legal advice, which can only be obtained from a qualified attorney. Website Owner/Consultant does not engage in the practice of law and will not provide legal advice or legal services based on competence and standing in the law. Legal filings and other aspects of a legal practice must be performed by an appropriate attorney. Using this website does not establish an attorney-client relationship. Although the author strives to present accurate information, the information provided on this site is not guaranteed to be complete, correct or up-to-date.  The views expressed on this blog are solely those of the author. FAR Consulting & Training, Bethesda, Maryland, Tel. 202-520-5780, rliebermanconsultant@gmail.com

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