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GSA will pay $3M to more than 1,000 contractors kicked out of schedules program

May 20, 2013 By ei2admin

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

Filed Under: Contracting News Tagged With: GSA, MAS, multiple award contract, Schedules, small business

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