St. Petersburg, FL â€“ August 15, 2007: Building on their respective strengths, Grand ISS, a global provider of security, risk management, private intelligence and investigatory solutions, and Government Contracting and Marketing Services (GCandMServices), a leading Florida-based U.S. government consultancy company, today announced Project Global Centurion. The jointly developed project is a disciplined risk mitigation solution designed specifically for defense industry and homeland security government contractors. Commenting on the initiative, Ralph V. Frasca, Jr., Grand ISSâ€™ President and CEO said, â€œThe alliance comes at a time when government regulators around the world are putting emphasis on contract integrity, illegal contracting practices, and procurement fraud.â€
GCandMServices offers compliance counseling and marketing strategies to commercial companies for both prime and sub government contracting roles. â€œWe advise and assist our clients on such issues as the solicitation, evaluation, certification, regulatory, and statutory requirements that apply to their bids, proposals, teaming agreements, and subcontracted services,â€ said Awilda Lopez-Cepero, CEO of GCandMServices. â€œWe are instrumental in counseling contractors and understand the regulatory climate; we also excel in identifying areas of risk that can place the overall integrity of a contracted project in jeopardy. In these vital areas, we welcome Grand ISSâ€™ participation in undertaking investigations and implementing preventative measures that provide added value to our services.â€
â€œWe are pleased to be partnering with GCandMServices to explore a variety of ways to address todayâ€™s potential threats, fraud, and abuse challenges, as well as regulatory non-compliance issues posed by external or subcontracting companies, vendors, consultants and employees,â€ said Steven C. Purl, COO of Grand ISS. Project Global Centurion benefits prime government contractors by taking aim at all types of illegal related practices including product substitution, defective pricing, exploiting classified or sensitive information, inconsistent pricing, accounting fraud, and illicit foreign military sales. â€œIt is no exaggeration to say that the consequences of these types of activities can be absolutely devastating to government agencies or prime contractors in terms of cost, time, and reputational damage,â€ noted Mr. Purl.
The project is dedicated to exposing acts of sabotage, espionage, theft of data, waste, fraud, and corruption; and is focused on dealing with Truth in Negotiation Act issues, ITAR, security clearance compliance, suspected contract overcharging, and false evaluations. â€œPreventing and detecting threats is essential in this particular environment, which is exemplified by the fact that employees of government contractors are responsible for about 24% of espionage cases,â€ Mr. Purl said. â€œIncreased awareness combined with the right resources can mitigate risk and uncertainty.â€