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Contractors have only a couple more weeks to comment on a so-called climate risk rule. If it becomes final, the rule would impose big reporting and operational costs.
A few years back, Congress changed how the Small Business Administration would calculate whether a business qualified as small. It had been the average of three years of revenue. The new rule was five years. The question arose: When did the new calculus kick in? This had real consequences for a company called Obsidian.
The perils of fixed-price contracts during inflationary times. There may not be a cure.
Exploring the rules for when government contracts are turned in late
The Federal Acquisition Regulation is clear, fixed-price contracts are just that: Fixed price. There's no provision for adjustments because of inflation. Or is there? A memo last week from the Defense Pricing and Contracting office offers some hope. The Federal Drive with Tom Temin spoke with someone who has studied the memo closely: Zach Prince, a partner at Smith, Pachter, McWhorter.
The defense contract audit agency or DCAA found out something the hard way. If it takes too long to audit cost reimbursement support documents held by contractors - tough. The government is still responsible for those costs. The recent Armed Services Contract Board of Appeals handled that outcome..
Longtime defense contractor Raytheon won in court when it sued the government over intellectual property. What the company thought was IP the government assumed was merely technical data it could share with anyone.