Bill Shear, Director of Financial Markets & Community Investment Issues at the Government Accountability Office, discusses issues with the Small Business Administration scorecard, and how they can be fixed.
The Small Business Administration keeps a scorecard regarding how many government contracts are awarded to small businesses. SBA made changes to the scorecard last year but according to the Government Accountability Office, they need to make more substantive changes. According to the GAO report, some grades were completely wrong, and were weighted in odd ways. Bill Shear, Director of Financial Markets & Community Investment Issues at GAO, says that this inaccuracy is a major issue, and that fixes have been recommended. “It’s pretty straightforward of having some mechanism to review the final product and do what we call fatal flaw reviews to make sure it’s accurate and to say ‘We have a stated policy that we are going to make it public when we do find an error…’ They didn’t see a need to do an evaluation and when we were discussing some findings with them, they agreed with us and again, we’re glad they agreed with us for some evaluation,” Shear said. “Part of it that Congress recognized in the legislation leading to the change, is that Congress stated SBA should report on whether the scorecard should continue and what revisions might be appropriate.”