Newly-elected President of the General Contractors Association of Guyana (GCAG) Neil Cort-Rogers has told the Stabroek Business that the Association will be seeking to make a more assertive push to ensure that the provision in the Small Business Act that allows for local small businesses to benefit from 20% of state contracts comes into effect this year.
Speaking with this newspaper following his election to the top post in the Association on Wednesday evening Cort-Rogers said that the provision of a 20% business allocation to small local contractors can be a “game changer” for the sector.
On Wednesday evening, in response to questions regarding a time frame for effecting this provision in the Small Business Act, Minister of Business Dominic Gaskin said that the coming into force of the 20% concession to small businesses will have to be preceded by an exercise designed to arrive at a determination as to what constitutes a small business. According to Gaskin the local Small Business Bureau is expected to play a role in fixing the categorization.
