Federal Government Policy and Business

IG Finds ‘Significant Inaccuracies’ in Federal Acquisition Service’s Reporting of Small Business Contracts

NextGov: There have been “significant inaccuracies” in the Federal Acquisition Service’s reporting of small business contracts, a watchdog reported earlier this week.

Last week, the General Service Administration inspector general issued a report that looked at the data GSA’s Federal Acquisition Service entered into the Federal Procurement Data System - Next Generation, which is managed by GSA. The Small Business Administration uses that system to assess if the federal government achieves its overall annual goal of awarding 23% of contracts to small businesses. Based on its review of Federal Acquisition Service procurements from fiscal 2016 and 2017 (that totaled $3.7 billion), the IG identified issues that led to overstating of small businesses procurements.

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