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A 12-month, $7 million contract was awarded to a prime contractor for technical support services. The prime contractor in its individual Subcontracting Plan the goal
A 12-month, $7 million contract was awarded to a prime contractor for technical support services. The prime contractor in its individual Subcontracting Plan the goal to subcontract $350,000 to Women-Owned Businesses (WOSBs). In its Small Business Participation Commitment Document (SBPCD) the prime contractor named the two WOSBs it intended to subcontract with. The total amount the prime contractor subcontracted to WOSBs was $100,000. If further investigation reveals the prime contractor failed to make a good faith effort to meet its WOSB subcontracting goal, what is the maximum amount liquidated damages the government may charge the prime contractor? 1)$500,000 2)$250,000 3) $350,000 4)$100,000
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