The General Services Administration collectively owes more than one thousand contractors more than $3 million because the agency failed to pay off vendors after kicking them out of the schedules program. The finding came as the result of an investigation by the House Small Business Committee.
The agency failed to pay some terminated contractors a $2,500 guarantee it makes to all vendors that join the schedules program.
“The General Services Administration has owned up to their mistake and will distribute payment this year,” said Committee Chairman Sam Graves (R-Mo.).
If schedule holders don’t make at least $25,000 worth of schedule sales in the first two years and $25,000 annually thereafter, GSA may cancel the contracts.
Keep reading this article at: http://www.fiercegovernment.com/story/gsa-will-pay-3m-more-1000-contractors-kicked-out-schedules-program/2013-05-16?utm_medium=nl&utm_source=internal
