Loren Data's SAM Daily™

FBO DAILY ISSUE OF JULY 24, 2002 FBO #0234
SOLICITATION NOTICE

R -- Costs of Litigation to Small Businesses

Notice Date

7/22/2002
 

Notice Type

Solicitation Notice
 

Contracting Office

Small Business Administration, Office of Administration, Office of Procurement and Grants Management, 409 Third Street, S.W., 5th Floor, Washington, DC, 20416
 

ZIP Code

20416
 

Solicitation Number

SBAHQ-02-Q-0026
 

Response Due

8/23/2002
 

Point of Contact

Billy Jenkins, Procurement Specialist, Phone (202) 205-7077, Fax (202) 481-0487, - Billy Jenkins, Procurement Specialist, Phone (202) 205-7077, Fax (202) 481-0487,
 

E-Mail Address

billy.jenkins@sba.gov, billy.jenkins@sba.gov
 

Small Business Set-Aside

Total Small Business
 

Description

The costs attached to litigation are relatively well documented. The particulars with respect to the costs, such as their magnitude, and the sector(s) they affect are less well known. Of particular interest is the magnitude of litigation costs that fall on small business. There were 22.4 million small businesses in the United States in 2001 (Office of Advocacy, SBA). Of those, a considerable 72.6 percent or 16.3 million can be safely viewed as sole proprietorships (Economic Census, 1997). The majority, if not the totality of sole proprietorships is small. What are their litigation costs? Case studies could be used to reiterate the data findings. A White House study, Who Pays for Tort Liability Claims? An Economic Analysis of the U.S. Tort Liability System, April 2002, actually equates tort claims to a tax on individuals and businesses. Citing a study by Tillinghast-Towers Perrin (U.S. Tort Costs: 2000, Trends and Findings on the Costs of the U.S. Tort System, Feb. 2002), the report suggests that the U.S. tort system cost $179 billion in 2000. That figure most likely understates the true estimate of costs for at least two reasons: (a) it cannot include the many externalities attached to such disbursements, and (b) more important, tort costs are a subset of litigation costs.
 

Place of Performance

Address: 409 3rd Street SW., Suite 5000, Washington

Zip Code: 20416

Country: US
 

Record

SN00122834-W 20020724/020722213719 (fbodaily.com)
 

Source

FedBizOpps.gov Link to This Notice
(may not be valid after Archive Date)

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