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Exhibit 99.5
[Small Business Administration letterhead]
U.S. Small Business Administration
South Florida District Office
100 South Biscayne Boulevard, 7th Floor
Miami, FL 33131-2011
Tel: (305) 536-5521
August 20, 1999
Dr. Ramendra P. Singh
Dynacs Engineering Co., Inc.
28870 US Highway 19 N
Suite 405
Clearwater, FL 34621-2592
Dear Dr. Singh:
Please find attached the letter from Jose Gutierrez, Associate Administrator
[8(a) Business Development] dated August 3, 1999. The letter communicates the
SBA Administrator Aida Alvarez's decision to grant a waiver of the "termination
for convenience" clause in the contracts that Dynacs is currently performing
that were granted under the SBA's 8(a) Program.
This waiver is granted pursuant to the regulations contained in the C.P.R. Title
13 Section 125.515, and will allow Dynacs to continue performing on these
contracts subsequent to its planned IPO.
Sincerely,
/s/
Jack Geis
Assistant District Director
for 8(a) Business Development
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[Small Business Administration letterhead]
U.S. SMALL BUSINESS ADMINISTRATION
WASHINGTON, D.C.
TO: Gary L. Cook
District Director
SBA South Florida District Office
FROM: Jose Gutierrez
Associate Administrator for
Minority Enterprise Development
SUBJECT: Request for Waiver of the Termination of Convenience - Dynacs
_______________________________________________________________________________
The Administrator approves your recommendation for approval of the termination
of convenience waiver and believes that sufficient program and legal
justification has been presented to grant the waiver for Dynacs Engineering Co.,
Inc. (Dynacs), a former 8(a) program participant.
Your immediate attention to this matter is appreciated. Please contact Dr.
Ramendra P. Singh, President of Dynacs and the procuring official of SBA's
decision in this matter.
cc: Jack Geis
ADD/MED
SBA South Florida District Office
