Bloomberg BNA reported last week that ANCs (Alaska Native Corporations) received $7.3B in federal contract awards in FY 2014 (of this amount, $4.5B was DoD). This total amount is up from $5.8 in the prior year.
This is impressive considering a $20M 8(a) sole-source award threshold was imposed in 2009 due to provisions of the NDIA for FY 2010. In response to the imposed 8(a) sole-source threshold, other federal contracting vehicles and opportunities were a logical alternative. Since this threshold was put in place, there has been a significant increase in obligations for ANCs related to Total Small Business Set-Asides (1,600% increase), large new 8(a) competitive awards (900% increase) and smaller or older small business set-asides (100% increase). Competitive awards also contributed to the overall growth (16% increase).
In addition, in an attempt to increase small business subcontracting opportunities, recent changes in small business subcontracting rules have been proposed – including allowing agencies to receive credit against their small business utilization goals for the award of overseas contracts.
The overall market appears very favorable for ANCs continued success.
ant to receive regular feeds of our blogs, offer topic suggestions and get regular updates? Follow us on social links.
To Learn more contact us:
T: 855-CAPEDGE (855-227-3343) I email@example.com
CONTACT US ON LINKEDIN