On 14 Nov 2011, OMB and SBA issued a memorandum to Procurement officials regarding the improvement of small business data.  Quality and timely Federal procurement data are essential to increasing Federal small business contract awards and achieving the agencies small business contracting goals. Actions are being taken to improve the quality of procurement data on small business contract awards.

As a result of these changes separate processes related to small business data quality are being aligned to increase awareness and attention on small business contracting data. Integrating small business data quality reviews into routine agency processes and procedures is expected to reduce burden on the acquisition workforce, facilitate improved acquisition planning, and increase data accuracy of awards made to small businesses.

Accordingly, OMB and SBA asks all procurement officials to increase the attention given to small business data quality as part of their ongoing data validation efforts. Reference memorandum.