Top 10 GovCon Stories – #1 – The Suspension of GTSI
Though the cuts to Defense Department funding is a close second, the shock of GTSI’s suspension by the Small Business Administration from receiving new procurement work on October 1st reverberated through the government contracting space. Though the suspension lasted just a few weeks and has since been lifted, the allegations GTSI improperly subcontracted through other firms to gain access to contracts set aside for small companies caused significant damage to its reputation and led to the resignation of its CEO. According to analysts, this was the most significant suspension of a top-tier contractor that many in the industry can remember, helping to make it our #1 story of 2010.
Why did the suspension of GTSI mean so much to the GovCon space?