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Nov 4 2016    Next issue: Nov 18 2016

‘Hidden gem’ NAICS codes

Are there “hidden gem” industries among the small business professional services expiring contracts in 2016 and 2017?

A possible way to identify them is to compare the aggregate value of the contracts in an industry, divided by the number of actions. That provides the average value per contract action.

The average value per action in IT industries was $536,000, based on Set-Aside Alert’s analysis. In R&D industries it was $508,000.

That measure gives an idea of what an average contract award might be worth in that industry.

It is not a perfect indicator, as some actions may be modifications, notices, etc. Even so, some of those high-average-value industries may be “hidden gems.”

From a database of $18.3 billion in small business professional services contracts expiring in calendar 2016 and 2017, Set-Aside Alert identified a number of industries with high average values per action. We looked at non-IT and non-R&D industries because we already know IT and R&D are high in average value per action.

Professional services NAICS codes with high average values per action
(Note: does not include IT or R&D)
541830 - Media buying agencies$1,200,000 avg. per action
541211 - Offices of CPAs$817,000 avg. per action
541614 - Logistics consulting$738,000 avg. per action
541810 - Advertising agencies$727,000 avg. per action
541613 - Marketing consulting$604,000 avg. per action
541612 - HR consulting$464,000 avg. per action
541611 - Admin. & mgt. consulting$436,000 avg. per action
541330 - Engineering services$426,000 avg. per action
541219 - Other accounting services$421,000 avg. per action
541990 - Other prof/sci/tech$382,000 avg. per action
541820 - Public relations agencies$380,000 avg. per action

IT, R&D lead industries for small business prof’l services contracts

GAO says $1.3B could’ve been saved thru FSSI

“Substantial progress” in SBA goaling report accuracy: OIG

Judge dismisses ASBL lawsuit

‘Hidden gem’ NAICS codes

Column: Claims and Requests for Equitable Adjustment - a primer

Washington Insider:

  • GSA says it has shortened time to modify schedules
  • Deltek: IT buys stable
  • Big data vendors named
  • TX judge hits ‘Fair Pay’

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