H.R. 4118 – Small Business Procurement Improvement ActPosted: August 15, 2012
Attention: small businesses – very small small businesses. H.R. 4118, the Small Business Procurement Improvement Act, is a particular piece of legislation that really addresses your specific concerns, because it is designed to address the most voluminous but the least-sized segment of the market, which is actions for $200,000 and under.
These are the small jobs, like cans of paint, or re-carpeting a building, or hiring an electrician for a single repair. It’s a drop in the bucket in the grand scheme of what the government spends, maybe 10% of all spending, but to a very small business these small actions are a big deal.
Sponsored by Rep. Mark Critz, what this bill does is to funnel all of those small actions into the small business lane, so that none of them go to big business; all of them go to small business.
According to numbers gathered by Ronald Howell of Operational Research Consultants, Inc. and posted on LinkedIn, “There were more than three million contract actions issues in 2011 valued up to $200,000. According to FPDS-NG these contract actions amounted to a total of $23,050,739,473 in agency spending. Also according to FPDS-NG, of that total, $16.4 billion was awarded to small business in FY11. This equates to an additional $6.5 billion for small businesses last fiscal year.”
And that is a good thing for small business.