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Construction Contracting: Barriers to Small Business Participation
Thursday, February 09, 2012 | 10:00 |
The Subcommittee on Contracting and Workforce met for a hearing entitled Construction Contracting: Barriers to Small Business Participation. The hearing began at 10:00 A.M. on February 9, 2012, in Room 2360 of the Rayburn House Office Building.
TThe hearing specifically addressed the following areas that often limit small businesses’ ability to effectively compete for federal government construction projects: 1) the exclusion of construction from the contract bundling definition; 2) the problems with the sealed bid selection method when awarding construction contracts; 3) the manner in which SBA calculates the prime contractors credit for subcontracting goals; 4) prompt payment of prime and subcontractors on construction contracts; 5) the government’s practice of withholding contract payment on some construction contracts (known as retention); 6) the effectiveness of SBA’s surety bond program; and 7) the desirability of a locality preference for construction contracts. Opening Statement:Chairman Mick Mulvaney (R-SC)Witnesses and Testimony:Panel 1
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