Guam to give SDVOSB preference

Guam – The Guam service disabled veterans business opportunity act was heard THURSDAY in the legislatures public hearing room.

The measure as introduced by Senator Frank Aguon Jr. would give preference to certified service disabled veteran business owners when bidding for GovGuam contracts.

Office of Veteran’s affairs Director John Unpingco testified today saying he had three major concerns with the bill. One concern is that the bill could allow off-island veteran owned businesses to win contracts on Guam. Another concern is that the bill is an unfunded mandate of the office of veteran affairs.

Unpingco is also concerned that the measure does away with what he says is a simpler method of determining eligibility to a method that relies on determining the net worth of the business.

“Net worth is not an objectively derived figure businesses can differ markedly as to what their net worth is. For example is it the net worth before taxes are paid or after they’re are paid?” asked Unpingco.

Senator Frank Aguon Jr. said he would revisit the requirements for eligibility and would consider changing it to something that would be easier to determine.

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