Category: Contract Lifecycle Management

Government contracting is a highly regulated industry with regulations continuously increasing as seen with the 77 executive orders issued in 2021 and ongoing updates to security issues such as CMMC. Along with these regulations, many other factors impact the current landscape of government contractors.

Chief Financial Officers at a recent roundtable discussed their top-of-mind priorities for modernizing business processes and how modern technology can support those goals. The discussion closely examined how the contracts department impacts all aspects of government contracting (GovCon) business performance and how it can be utilized to positively impact ROI.

Proposal development in the federal marketplace relies almost exclusively on references for FAR clauses. So, how do you know which constraints and requirements are included in each clause without reading them in full text in the first place? Adding the full reference each time would make an RFP unwieldy. What is the easiest way of getting that information at your fingertips as you review the RFP?

When you are ready to review your prime contractor’s subcontract flow downs, pay particular attention if the prime contractor is trying to flow the Alt1 version of the Government Property clause to your subcontract. A version of this clause assigns the risk to you even if the prime contractor might not be subject to the same requirement. FAR flow down clauses are important to both prime contractors and subcontractors but FAR regulations are unique to each subcontractor.

Contract professionals should closely examine their subcontractor FAR flow down clauses. While examining flow downs is important to prime contractors, it is also important to subcontractors to ensure that they can fully comply with Federal Acquisition Regulation (FAR) clauses and to determine if they conflict with general terms and conditions of the subcontract. The flow down clauses can have a considerable impact on obligations and risk. There are 5 primary reasons to always examine subcontractor FAR flow down clauses.