Replies to post #167477 on Zerify Inc (ZRFY)

[VirginiaGal]

Exactly. They might be encouraged to by their Prime, but the Government doesn't require it.

From the GAO (General Accounting Office) http://www.gao.gov/assets/670/667410.pdf

"We found that an additional system, the System for Award Management
(SAM), was needed to better identify an entity’s small business size
status. SAM does not contain data on specific contracts or subcontracts
and therefore cannot be considered a contract reporting system, but it
does contain information on an entity’s small business status. However,
agency officials explained that registration in SAM is only required for
entities that plan to compete for prime contracts. They stated that some
prime contractors encourage their subcontractors to register in SAM to
expedite their reporting requirements, which may expand the data
available. GSA officials stated that some entities prefer not to enter data
on their businesses for privacy or competitive reasons. According to SBA
officials, the information is also limited in that a contractor’s small
business status in SAM is entered at the time of its registration and may
change over time. GSA officials explained that it is the entity’s
responsibility to update their registration to reflect such changes annually, at a minimum, in accordance with federal regulation."