Fed'l procurement hit $586.2B last year: GAO

      Six months have passed since fiscal 2019 ended, and total spending calculations are trickling out.

      That includes the GAO WatchBlog, which on May 26 released an infographic Snapshot of Government Contracting showing total obligations of $586.2 billion for fiscal 2019.

      Other findings included:

• DOD spending totaled $381.2 billion, including $191.5 billion for products and $189.7 billion for services;
• Civilian spending was $205.1 billion, with $165.2 billion for services and $40 billion for products;
• Fixed price contracts comprised 64% of the total; with cost reimbursement types, 31.5%; and time & material, 4.5%;
• The Top 10 vendors won $30.5 billion civilian agencies and $122 billion at DOD; and
• 81.5% of contracts were competitive at civilian agencies, while 53.8% were competitive at DOD.

More information:
GAO WatchBlog: https://bit.ly/3frVBB3

Where's the FY2019 small biz scorecard?

      Fiscal year 2019 ended more than eight months ago, and reports on total obligations and contract spending are presumably mostly complete.

      The SBA released a Fiscal 2019 Small Business Procurement Scorecard Grade Calculation Methodology in February outlining how the scores will be computed this year.

      But when is the SBA's actual scorecard coming out that shows whether the government met its 23% goal for small business procurement? Stay tuned as we await SBA’s answer.

SBA OIG says it saved taxpayers $18M

      The SBA's Office of Inspector General's audits and investigations resulted in $18 million in monetary recoveries to the government in the past six months, according to the OIG’s semiannual report to Congress.

      During the six months, the OIG completed investigations that led to 16 indictments and 24 convictions for fraud and/or fraud-related charges.

      The OIG also sent referrals to SBA that resulted in 15 suspension or debarment actions at other agencies.

Read more:
SBA OIG Semiannual Report to Congress:https://bit.ly/3e2x7y1

Inside this edition:

More flexible PPP terms

No appropriations yet for DOD Sect. 3610 payouts to vendors

Small biz set-asides and sole source awards trending down

Updated Coronavirus Resources for Small Business Federal Contractors

EIDL problems hit small biz

SDBs can self-certify

WOSB certs start July 15

Judge reviews ANC case

Busy 4Q forecasted

Column: CARES Act Sect. 3610 - Confusion and Shifting Sands

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