June 25 2004 Copyright 2004 Business Research Services Inc. 202-364-6473 All rights reserved.
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Study: Vets' Contracts Undercounted The value of contracts awarded to veteran-owned businesses was at least triple the officially reported level in fiscal 2001 and at least double the level reported in 2002, according to a study by Eagle Eye Publishers for SBA’s Office of Advocacy. Eagle Eye said the discrepancy is the result of miscoding in government databases. For its study, Eagle Eye used Dun & Bradstreet listings of veteran-owned businesses and found that most of them were not classified as veteran-owned in GSA’s Federal Procurement Data System. Using the D&B data, Eagle Eye said veteran-owned firms received 2% of all federal prime contract revenues in fiscal 2002 and 1.8 percent in 2001.
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