In fiscal year 2005, the federal government aimed to source 23% of all subcontracts from small businesses with guidance from the Small Business Administration.[3] The federal government was unable to meet this goal in 8 years until FY2013 when it subcontracted over $83 billion from small businesses.[4]
Fiscal year 2015 marked several historic achievements; the federal government exceeded their overall goal of 23% by 2.75% resulting in $90.7 billion dollars awarded to small businesses,[5] 5.05% ($17.8 billion) of which went to women-owned small business (WOSB), meeting the goal for the first time since it was implemented in 1996.[6]
Berry Amendment - requiring the Department of Defense to give preference in procurement to domestic goods and services
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Lockheed Martin Corporation is an American aerospace, arms, defense, security, and advanced technologies company with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It is headquartered in North Bethesda, Maryland, in the Washington, D.C., area. Lockheed Martin employs approximately 110,000 people worldwide as of January 2020.
Leidos, formerly known as Science Applications International Corporation (SAIC), is an American Defense, Aviation, Information Technology , and Biomedical Research company headquartered in Reston, Virginia, that provides scientific, engineering, systems integration, and technical services. Leidos merged with Lockheed Martin's IT sector in August 2016 for Information Systems & Global Solutions business to create the defense industry’s largest IT services provider. The Leidos-Lockheed Martin merger is one of the biggest transactions thus far in the consolidation of a defense sector. Leidos works extensively with the United States Department of Defense, the United States Department of Homeland Security, and the United States Intelligence Community, including the NSA, as well as other U.S. government civil agencies and selected commercial markets.
The national debt of the United States is the total national debt owed by the federal government of the United States to Treasury security holders. The national debt at any point in time is the face value of the then outstanding Treasury securities that have been issued by the Treasury and other federal government agencies. The terms "national deficit" and "national surplus" usually refer to the federal government budget balance from year to year, not the cumulative amount of debt. In a deficit year the national debt increases as the government needs to borrow funds to finance the deficit, while in a surplus year the debt decreases as more money is received than spent, enabling the government to reduce the debt by buying back some Treasury securities. In general, government debt increases as a result of government spending and decreases from tax or other receipts, both of which fluctuate during the course of a fiscal year. There are two components of gross national debt:
The military budget is the largest portion of the discretionary United States federal budget allocated to the Department of Defense, or more broadly, the portion of the budget that goes to any military-related expenditures. The military budget pays the salaries, training, and health care of uniformed and civilian personnel, maintains arms, equipment and facilities, funds operations, and develops and buys new items. The budget funds five branches of the U.S. military: the Army, Marine Corps, Navy, Air Force and Space Force.
The Defense Contract Audit Agency (DCAA) is an agency of the United States Department of Defense under the direction of the Under Secretary of Defense (Comptroller). It was established in 1965 to perform all contract audits for the Department of Defense. Previously, the various branches of military service were responsible for their own contract audits.
The United States federal budget comprises the spending and revenues of the U.S. federal government. The budget is the financial representation of the priorities of the government, reflecting historical debates and competing economic philosophies. The government primarily spends on healthcare, retirement, and defense programs. The non-partisan Congressional Budget Office provides extensive analysis of the budget and its economic effects. It has reported that large budget deficits over the next 30 years are projected to drive federal debt held by the public to unprecedented levels—from 98 percent of gross domestic product (GDP) in 2020 to 195 percent by 2050.
The budget of the United States government for fiscal year 2007 was produced through a budget process involving both the legislative and executive branches of the federal government. While the Congress has the constitutional "power of the purse," the President and his appointees play a major role in budget deliberations. Since 1976, the federal fiscal year has started on October 1 of each year.
Lloyd Alan Chapman is president and founder of the American Small Business League.
The United States Department of Defense is an executive branch department of the federal government charged with coordinating and supervising all agencies and functions of the government directly related to national security and the United States Armed Forces. The DOD is the largest employer in the world, with over 1.3 million active-duty service members as of 2020. More employees include over 826,000 National Guard and reservists from the armed forces, and over 732,000 civilians bringing the total to over 2.8 million employees. Headquartered at the Pentagon in Arlington, Virginia, just outside Washington, D.C., the DoD's stated mission is to provide "the military forces needed to deter war and ensure our nation's security".
The Federal Procurement Data System (FPDS) is a single source for US government-wide procurement data.
In general, "past performance" refers to how something has performed in the past, for example how an athlete, a business, an investment portfolio, an individual stock, a sports team or a race horse has performed. The term "past performance" is used more specifically in relation to government procurement, horse racing and mutual fund disclosure documents.
The United States federal budget for fiscal year 2009 began as a spending request submitted by President George W. Bush to the 110th Congress. The final resolution written and submitted by the 110th Congress to be forwarded to the President was approved by the House on June 5, 2008.
The U.S. Small Business Administration (SBA) is a United States government agency that provides support to entrepreneurs and small businesses. The mission of the Small Business Administration is "to maintain and strengthen the nation's economy by enabling the establishment and viability of small businesses and by assisting in the economic recovery of communities after disasters". The agency's activities have been summarized as the "3 Cs" of capital, contracts and counseling.
The United States Federal Budget for Fiscal Year 2010, titled A New Era of Responsibility: Renewing America's Promise, is a spending request by President Barack Obama to fund government operations for October 2009–September 2010. Figures shown in the spending request do not reflect the actual appropriations for Fiscal Year 2010, which must be authorized by Congress.
Maryland's leading industries by employment are health care and social assistance, state and local government, retail trade, and professional and technical services. Maryland's Gross State Product (GSP) was $295.4 billion in 2010. The Government sector produced $52.1 billion and accounted for 18 percent of Maryland's GSP in 2009. Federal government, including military and civilian, accounted for slightly more than half at just over $27 billion, while state and local government combined for nearly $25 billion. The Fort George G. Meade military installation, which includes employees of the National Security Agency, is the state's biggest employer at 44,540. The largest private sector industry is real estate with $48.4 billion, or 17 percent of economic activity. Large private employers in Maryland include Black & Decker, Legg Mason, Lockheed Martin, Marriott International, ZeniMax Media, McCormick & Company, Perdue Farms, General Motors, IBM, Northrop Grumman, and Verizon.
NASA's Solution for Enterprise-Wide Procurement (SEWP) is a United States Government-Wide Acquisition Contract (GWAC) authorized by the U.S. Office of Management and Budget (OMB) and managed by the National Aeronautics and Space Administration (NASA).
Coins 'N Things, also known as CNT Inc., is a privately held, family-controlled business in Bridgewater, Massachusetts, that was established as a retail shop for coin collectors and is now the largest wholesale vendor of gold in the United States.
OpenTheBooks.com is an American nonprofit organization based in the Chicago suburb of Burr Ridge, Illinois. It describes itself as a transparency group devoted to posting online all the disclosed spending of every level of government across the United States. Their oversight reports on government spending have been featured on multiple news outlets including C-SPAN's hour-long Q&A program with Brian Lamb, ABC Good Morning America, Fox News, The Wall Street Journal, Forbes, and USA Today.
The chief management officer (CMO) of the United States Department of Defense (DoD) was the third-in-command of the department after the Secretary of Defense and Deputy Secretary of Defense. The position's purpose was to reduce costs by improving the quality and productivity of DoD's business operations. Congress disestablished the CMO position with the passage of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021 effective 1 January 2021.
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