OFPP sets contracting goals

OFPP sets contracting goals

The Office of Federal Procurement Policy has instructed agencies that at least 23 percent of the government's prime contracts need to be awarded to small businesses.

Previously, the administration's target was 20 percent. OFPP's new guidelines, issued last month, take effect today. Agencies must also meet some other contract targets:

• 5 percent for prime contracts awarded to women-owned small businesses and small disadvantaged businesses

• 5 percent for subcontracts awarded to women-owned small businesses and small disadvantaged businesses

• For historically underutilized business zones, a phase-in beginning with 1 percent this year and reaching 3 percent by 2003.

'Christopher J. Dorobek, Susan M. Menke and Patricia Daukantas'

Stay Connected

Sign up for our newsletter.

I agree to this site's Privacy Policy.