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GAO-03-776R 1 (2003-05-07)

handle is hein.gao/gaobaamep0001 and id is 1 raw text is: im Accountability * Integrity * Reliability United States General Accounting Office Washington, DC 20548 May 7, 2003 The Honorable Olympia J. Snowe Chair, Committee on Small Business and Entrepreneurship United States Senate Subject: Reporting of Small Business Contract Awards Does Not Reflect Current Business Size Dear Madam Chair: We have prepared this report in response to your concerns about whether large companies are receiving federal contracts intended for small businesses. As agreed with your staff, we reviewed awards to five large companies to determine how contracts awarded to the companies were reported in Federal Procurement Data System (FPDS),' why federal contract officials reported the contracts as small business awards, and what actions are being taken to address any identified problems. This report transmits information provided to your staff in earlier briefings and in our testimony given today before the Small Business Committee of the House of Representatives, which we have enclosed. We conducted our review between November 2002 and May 2003 in accordance with generally accepted auditing standards. A description of our scope and methodology is included in the enclosure. The five large companies that we reviewed received contracts totaling $1.1 billion in fiscal year 2001, including $460 million reported as small business awards. To understand why awards to these large companies were listed in FPDS as small business awards, we focused our review on 131 individual contract actions awarded to these companies by four federal buying activities. ' FPDS is the government's central repository of statistical information on federal contracting. The system contains detailed information on contract actions over $25,000 and summary data on procurements of less than $25,000. GAO-03-776R Small Business Certification

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