Common use of Penalties and Remedies Clause in Contracts

Penalties and Remedies. In accordance with FAR 52.219-9, Small Business Subcontracting Plan, invoked herein in Part III.0, Seller is advised that there are penalties and remedies for misrepresentations of business status as small, veteran-owned small business, HUBZone small, small disadvantaged, or women-owned small business for the purpose of obtaining a subcontract, such as this Purchase Order, that is to be included as part or all of a goal contained in the Contractor’s subcontracting plan. As described in FAR 19.301-1, the SBA’s regulations on penalties for misrepresentations and false statements are contained in 13 CFR 121.108 for small business, 13 CFR 124.501 for 8(a) small business, 13 CFR 124.1011 for small disadvantaged business, 13 CFR 125.29 for veteran or service-disabled veteran-owned small business, and 13 CFR 126.900 for HUBZone small business; and