H.R.4200 - A bill to amend Section 8(a) of the Small Business Act.98th Congress (1983-1984)
|Sponsor:||Rep. Mitchell, Parren J. [D-MD-7] (Introduced 10/24/1983)|
|Committees:||House - Small Business|
|Latest Action:||House - 10/24/1983 Referred to House Committee on Small Business. (All Actions)|
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Summary: H.R.4200 — 98th Congress (1983-1984)All Information (Except Text)
Introduced in House (10/24/1983)
Amends the Small Business Act to provide that the cost to an awarding agency under a Government procurement contract awarded to a small bsuiness under the set-aside program shall not exceed the estimated current fair market price of the work to be performed. Sets forth a formula for the determination of such cost.
Provides that small businesses shall be entitled, upon request, to a written statement detailing the method used by such agency to estimate the current fair market price for such contracts and to protest the use of such method to the Comptroller General.