3M PAYS $440,000 TO SETTLE CLAIMS
3M PAYS $440,000 TO SETTLE CLAIMS WASHINGTON, April 15 /PRNewswire/ -- Inspector General William R.
Barton of the U.S. General Services Administration (GSA) said the Minnesota Mining and Manufacturing Co. (3M) paid the U.S. government $440,000 today to settle claims arising from a GSA Multiple Award Schedule (MAS) contract. The settlement includes full recovery of contract damages plus interest.
The company's Visual Systems Division, located in Austin, Texas, had a contract for Fiscal Years 1986 and 1987 to supply printing and heat-developing equipment and accessories, transparency film, and maintenance service to federal agencies. Total sales under the contract were about $4 million. Under the MAS program, GSA negotiates contracts with vendors, who then sell to federal agencies at set prices. Vendors must provide current, accurate and complete pricing information -- including information about discounts granted to commercial customers -- during contract negotiations. The vendor must offer the government the same or better terms. Barton's staff claimed 3M had not provided correct pricing information during contract negotiations and 3M had failed to extend a required price reduction following award of the contract. As a result, federal customers paid higher prices for 3M's products. -0- 4/15/92 /CONTACT: U.S. General Services Administration, 202-501-0450/ CO: U.S. General Services Administration ST: District of Columbia IN: SU:
SB -- DC020 -- 8887 04/15/92 16:12 EDT
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|Date:||Apr 15, 1992|
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