Mandatory Disclosure Rule Encouraged Through the FAR Program
An insightful interview with the vice chairman of the National Procurement Fraud Task Force, Brian Miller, revealed that out of the 131 disclosures the GSA received, more than half were eliminated. Miller’s task force was assembled shortly after the mandatory disclosure rule was implemented in December of 2008. Miller’s main motivation for the new rule was to eliminate any chance of being “victimized by a crime or being ripped off by a fraud.”
The program continues to provide transparency between GSA Schedule holders and their government partners as a source to continue business efforts between both partners. Another main purpose of the new program is to recover money to taxpayers that otherwise would have been lost. The GSA processed $38 billion dollars worth of sales in FY2012 meaning that any return to taxpayers would be substantial and make the program already worth the efforts of Miller’s task force.
Miller also reassures returning money back into the pockets of taxpayers, the program’s ability for GSA Schedule holders to offer full disclosure of their business creates a more fortified relationship with the government. The ideology behind the full disclosure benefit is that organizations that are willing to provide full disclosure to the government are “responsible to do business with the federal government,” Miller further stated that “We don’t see any reason to refer the company for suspension and debarment, because they’re doing the right thing in coming to us.” The benefit of disclosure is becoming more promising as the rule continues to return strengthened relationships and money back to taxpayers.
GSA Schedule holders should continue to embrace the mandatory disclosure rule as part of the Federal Acquisition Regulation (FAR), and can begin by providing time sensitive, factually based documentation. Miller also states that the any updates should be “disclosed as soon as possible.” Learn more about the Miller’s insights on the FAR program and the best methods to engage in full disclosure.
GSA Schedule holders that are unsure about the disclosure rule or whether they are remaining compliant to the FAR rule should also consider consulting with GSA professionals in this matter.