The federal government retains the right to approve or ratify any settlements made with subcontractors. When you and the government agree to all or part of your claim for compensation as a result of the termination, a written amendment (known as a settlement agreement) is made to the contract....
It is not yet clear to what extent, if any, interested parties will take advantage of the fall ofChevronto challenge existing government contracts regulations as contrary to their underlying statutes.[2] The Federal Circuit has previously held that “the provisions of [the Federal Acquisition Reg...
as government buyers and sellers have to abide by procurement regulations established in theFederal Acquisition Regulation (FAR). Any business that holds a GSA contract or is looking to acquire one needs to be aware of theterms and conditions that are applicable to their company. Failing to...
The United States is likely just weeks away from the federal government reaching the maximum debt ceiling. The U.S. Department of the Treasury is not permitted to expend funds beyond the current debt limit (because it has no such funds to expend), even if the government is legally ...
In this five-point checklist we ask, and provide insight into, important questions government contractors should be considering to remain successful in 2024 Kean Reilly Katherine Zablonski Government Contracting OUR PEOPLE Get in touch with our specialists ...
A business’s SAM Registration must be completed correctly to participate in Government Contracting. A registration allows your business to sell goods and services to the Government, participating in billions of awards. For example, in 2021 alone it’s estimated the Federal Government spent $645.5 ...
New Jersey requires contractors to payprevailing wage ratesfor most municipal and state-financed construction projects. They also require contractors to pay federal prevailing wage rates for “building services” in state-owned or leased buildings. The penalties for not following the New Jersey prevailin...
"The theory was that more competition for procurements would reduce costs and allow more small businesses to win Federal Government contracts. Under CICA all procurements must be competed as full and open so any qualified company can submit an offer," according to the General Services Administratio...
The SBA is the federal government’s main resource for nurturing the growth of small businesses in the U.S. It not only provides loans, mostly through third parties, to help start or grow your business; it also offers plenty of programs designed to increase your knowledge and expertise in ...
The 2008 financial crisis is not considered an economic collapse in terms of the American economy, but a collapse was believed to be imminent at the time. The freezing of the credit market may well have resulted in a more severe situation if not for the liquidity provided by the Federal Res...