In 2023, the federal government awarded a record $765 billion in contracts, $470 billion from DoD alone. Federal prime and sub-contractors performing on federal projects are responsible for contract compliance including all clauses incorporated in the award. These contract clauses include wage, product, manufacturing, cyber, security, and other regulations that directly impact businesses throughout the contract supply chain. Prime contractors, even when delegating work to sub-contractors, must effectively manage flow-down clauses to ensure that all vendors supporting the contract remain compliant. Subcontractors must understand which clauses apply to them and maintain the controls necessary to ensure compliance as well.
Mitigating Risk:
Noncompliance can result in significant risk to businesses performing on these contracts including fines, penalties, poor CPARS ratings and loss of current and future federal contracts. In order to effectively mitigate risk, prime contractors must understand all applicable clauses and ensure their vendors throughout their entire supply chain do the same.
Why Attend?
- Stay Compliant and Competitive: Learn the importance of flow-down clauses and how to avoid penalties and maintain compliance.
- Prepare for Audits: Understand the federal audit process, including scope, subcontractor review, and corrective actions.
- Implement Best Practices: Discover strategies and tools for managing clauses effectively and ensuring subcontractor compliance.
- Real-World Insights: Analyze a case study on comprehensive contract oversight and real-time compliance monitoring.
Who should attend:
Prime government contractors, sub-contractors, manufacturers, suppliers, contracting professionals, legal professionals, compliance professionals, and financial professionals.
Federal Agency Panelist Participation:
Agency participation is encouraged for this briefing. If you or one of your agency colleagues would like to be a contributor or panelist in this discussion, please contact support@govbrief.us or call 888-818-8726 to coordinate your participation. GovBrief provides free access to all government presenters and will distribute all accompanying documentation at no charge.
CLP certificates provided – 1 Hour
Important: This briefing uses a Zoom-based communication connection via your network. This briefing will be accessible via phone if you are unable to connect online and recorded versions will be distributed with closed-caption for the hearing impaired. Instructions for login will be provided upon registration.
1 speaker on this recording.
