On Demand Webinars: COVID-19's Regulatory Compliance, Financial, and Performance Impacts on Government Contractors
JAMIS Software Corporation's VP of Marketing, Dan Rusert, sat down for an interview with Craig Stetson, Partner at Capital Edge Consulting, to provide some insight to government contractors on what they're seeing in the current environment and how to stay on top of any regulatory compliance, financial, or performance challenges you might be facing. Government contractors should be aware of applicable contractual obligations, rights and remedies and take proactive actions to mitigate potential financial and compliance risks in conjunction with same.
Part 1: COVID-19 Financial Impacts under Existing Government Contracts
The purpose of this discussion is to identify key actions government contractors should be aware of to assist with mitigation efforts associated with potential financial and compliance risks arising from the current COVID-19 environment. The actions discussed generally apply to all contract types; i.e., fixed-price, cost-reimbursement and time-and-materials, and do not necessarily favor a particular contract type.
Part 2: CARES Act, Section 3610 - What Contractors Need to Know
This discussion provides guidance on Section 3610 of the CARES Act. The DoD issued April 8, 2080 a class deviation authorizing contracting officers (CO) to use the newly created guidance ‘CARES Act Section 3610 Implementation’ as a framework for addressing anticipated claims for reimbursement of applicable contractor paid employee leave costs arising from COVID-19. This implementation guidance, referenced as DFARS 231.205-79, is, in essence, a newly created cost principle applicable to a limited group of affected contractors.
Part 3: COVID-19 – Prospective Government Contracts, Things to Consider
This discussion focuses on prospective contracts awarded in conjunction with the COVID-19 national emergency. The government expects many of these contracts to be awarded on a commercial item basis. Commercial item contracts, especially in a high-speed emergency situation, may present and enhance risk to contractors. We will address things contractors need to be aware of now to minimize potential downstream risks arising from these contracts, including – price reasonableness, unique statutory authorities, truthful representations and accuracy of invoicing and financial disclosures. Due to the significance of the amount of dollars the government is / will be spending, several watchdog groups have been established to monitor the government’s acquisition of these emergency supplies and services. This session will provide an overview of compliance and financial considerations contractors should understand to assist with pursuit of these solicitation opportunities.