GSA Agrees to Pay $3.11 Million Owed to Businesses

5/23/13

Between fiscal 2008 and 2012, the GSA canceled 3,300 MAS contracts, which give businesses the ability to sell goods and services to agencies in a more commercial manner, because the companies didn’t meet a requirement to make at least $25,000 in sales under the contract per year. Of the companies that had their contracts canceled, 1,334 were eligible for a minimum guaranteed payment, of $2,500, from the GSA, and 1,281 of the eligible firms were small businesses. The GSA has agreed to pay $3.11 million owed to those companies, according to the committee. To read the full article, click here.

Posted on: May 28, 2013, by :