GSA Reviews 689 Removed 8(a) Firms’ Contracts, With $5.5B Ceiling
The SBA referred 689 firms removed from the 8(a) Business Development Program to GSA for review of federal contracts with a collective ceiling of $5.5 billion. The audit will assess potential fraud and compliance issues, including false statements, pass-through arrangements, and financial misrepresentation; the figure is not a new award or funding commitment.