When the Government is in a contract, it cannot just stop making payments. This is the general rule whether the contract is a procurement, grant, or cooperative agreement. Rather, the Government’s continued non-payment is...more
2/14/2025
/ Breach of Contract ,
Contract Disputes Act ,
Contract Terms ,
Department of Defense (DOD) ,
Federal Acquisition Regulations (FAR) ,
Federal Contractors ,
Government Agencies ,
Late Payments ,
Procurement Guidelines ,
Prompt Payment ,
Regulatory Requirements ,
Remedies ,
Subcontractors
The bond yield curve inverted in October 2022. When that occurred, it started a countdown to recession. At least it has every time since 1968. Specifically, for the last eight recessions since 1968, every single recession was...more
3/8/2024
/ Bond Markets ,
Business Disruption ,
Commercial Bankruptcy ,
Debtors ,
Delays ,
DFARS ,
Economic Downturn ,
Federal Contractors ,
Federal Funding ,
Financial Markets ,
Inflation Adjustments ,
Interest Rates ,
Inversion ,
Popular ,
Recessions ,
Subcontractors ,
U.S. Treasury ,
WARN Act
In October 2022, I circulated “An In-Depth Examination of Inflation Relief for a Government Contractor[.]” Much has occurred since. Inflation remains an acute problem. In turn, contractors and subcontractors continue...more
3/21/2023
/ Bureau of Labor Statistics ,
Consumer Price Index ,
Contractors ,
Cost-of-Living Adjustment (COLA) ,
Department of Labor (DOL) ,
Economic Impact Analysis ,
Federal Budget ,
Federal Contractors ,
Federal Funding ,
Federal Trade Commission (FTC) ,
FOMC ,
Inflation Adjustments ,
Non-Compete Agreements ,
Popular ,
Producers ,
Relief Measures ,
Statistical Analysis ,
Subcontractors ,
Supply Chain ,
Taxation ,
Workers’ Compensation
Inflation is generally down from 2021, but is still high in too many places, and is expected to persist in 2023. With inflation eroding value for this long, a Government contractor may need to obtain contract relief. ...more
10/20/2022
/ Bureau of Labor Statistics ,
Consumer Price Index ,
Contract Terms ,
Department of Labor (DOL) ,
DFARS ,
Federal Acquisition Regulations (FAR) ,
Federal Contractors ,
Federal Procurement Systems ,
Fixed Price Contracts ,
GSAR ,
Inflation Adjustments ,
Popular ,
Price Inflation ,
Procurement Guidelines ,
Supply Chain