The vendor, as the registrant, is required to verify and modify any outdated information. In addition, the vendor has the right to appeal any inaccurate information. The VAN and the agency's procurement officer and accounting and finance officers extract certain pertinent information from the data. Certain information in the data files is useful to other government entities and the general public.
Potential buyers are interested in the vendor's financial strength and track records.
Commercial credit reporting companies will focus on new ventures not listed with them and update their data bases.