SBA proposes tougher penalties for companies that misrepresent their size

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Contractors who misrepresent their size or status to the government would face much stiffer penalties under a rule proposed by the Small Business Administration earlier this month.

The proposal, an implementation of last year's Small Business Jobs Act, would make contractors that misrepresent themselves in order to qualify for contracts intended for small businesses or those owned by women, veterans or other disadvantaged groups liable for the full amount of the contracts they win — even if they provide the desired services or equipment.

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Zachary A. Goldfarb 24 Oct, 2011

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Source: http://feeds.washingtonpost.com/click.phdo?i=369487510c4b00ff2b2a8127998c1336
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