Contract Administration and Management. The Small Business Act (Essay Sample)

Running Head: SMALL BUSINESS ACT Contract Administration and Management The Small Business Act Name Institution Course Tutor Date Contract Administration and Management The government is doing quite well in facilitating small businesses to acquire contracts in their major. One of the reasons supporting this position is that the government has continuously engaged in creating acts that recognize the existence of small businesses. In 1956, government passed the Small Business Act, which instigated the government to award small a fair proportion of its federal contracts to small businesses (Stanberry, 2012). It also stipulates that small businesses that are at a disadvantaged position should be given maximum practical opportunity to participate in contracting. In a more practical facilitation, all procurements ranging from three thousand to one hundred thousand are allocated to small businesses. There is a percentage set for all federal contracts such that twenty-three percent goes to small businesses and five percent go to small disadvantaged groups (Stanberry, 2012). The first requirement is registering the business as a vendor with the government. During the process of entering information about the company in the system for award management (SAM) database, I will certify that the business to meet the criteria stipulated. In order to meet the requirements, the company will be divided (Stanberry, 2012) into affiliates such that number of employees and annual receipts over the past three years match the criteria stipulated. However, the main company will be registered independently to prove independence in ownership. The company will lie within all codes classifying small businesses. Recently, contract management has a variety of aspects and lacking uniform procedure. In an opinion, the rules are not justified for allowing growing companies to fall under small businesses. The main justification is that the opportunities awarded to small businesses are because they cannot compete fairly with the big companies. The growing companies should be included in the bracket of already established companies. If a business is cited as a growing one, then it means every aspect of the business is changing and expanding (Stanberry, 2012). Its number of employees is likely to grow with its growing nature. Its annual receipts must show an upward trend within the three years stipulated in inclusion as small businesses hence, they fail the criteria for inclusion. Laws that facilitate inclusion of such businesses are not fair because eventually small businesses and disadvantaged businesses will continue to lag behind in participating in government contracting (Stanberry, 2012). Reference list Stanberry, S. A. (2012). Federal contracting made easy (4th ed.). Vienna, VA: Management Concepts. source..