Small businesses to receive $3M in GSA guaranteed payments

05/22/2013 | Government Executive

More than 1,200 small-business contractors will receive a total of $3 million in guaranteed payments from the General Services Administration, Rep. Sam Graves, R-Mo., said in a statement. A yearlong investigation by a House committee determined that "GSA's case for canceling these contracts in terms of dollars saved did not account for paying some of these firms the $2,500 they would be owed under their contracts," according to Graves. "When the committee began questioning why the $2,500 was not included in the calculations, it became clear that GSA was not adhering to its own contracts and had not paid the required termination costs to small businesses for at least five years."

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