Jul 16, 2020 | Contractor Business Systems and Reviews, Government Contract Accounting, FAR, and CAS, Other Government Regulatory Topics, Regulatory Updates
Key Government Guidance, Directives, and References in Response to Novel Coronavirus and COVID-19 The below list includes government-issued guidance and directives by agency pertaining to COVID-19 response. Contract Performance and Cost Recovery Pandemic Response...
Jun 19, 2020 | Procurement, Regulatory Updates
The CARES Act includes the Small Business Administration’s Paycheck Protection Program (PPP) loans for eligible small businesses, emergency grant funding, and a path for loan forgiveness if funds are used for payroll and related costs.[1] PPP loan funds can be used...
Apr 10, 2020 | Other Government Regulatory Topics, Regulatory Updates
On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted. Included in the CARES Act is a provision for $349 billion for small businesses through federally backed loans under the Paycheck Protection Program, a modified and expanded...
Mar 30, 2020 | Contractor Business Systems and Reviews, Government Contract Accounting, FAR, and CAS, Other Government Regulatory Topics, Regulatory Updates
The Office of Management and Budget (OMB) has relaxed key requirements of 2 CFR 200 on grantees, including extending Uniform Audit submissions up to six months, extending indirect cost rates, and expanding definitions of reimbursable costs, among other financial and...
Jan 30, 2020 | Contractor Business Systems and Reviews, Government Contract Accounting, FAR, and CAS, Regulatory Updates
On December 31, 2019, the Department of Defense (DOD) issued a final rule increasing the DOD contractor purchasing system review (CPSR) dollar threshold from $25 million to $50 million. The new final rule, which was proposed in May 2019, empowers administrative...
Oct 30, 2019 | Other Government Regulatory Topics, Regulatory Updates
As a topic relevant to our government contract clients and blog readers, below is an article from the BRG Review describing the US Department of Labor’s (DOL) recent changes to the Fair Labor Standards Act (FLSA) exemptions. Following the DOL’s new overtime rule, over...
