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ARTICLE · 23 MARCH 2010

Government Contracts: Look Before You Leap!

Fisher Phillips LLP
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We all face uncertain economic times. As everyone knows, the federal government has passed the American Recovery & Reinvestment Act (ARRA) creating huge sources of funds to pay for various projects to "stimulate" the economy.

United StatesGovernment, Public Sector
Vasilis (Bill) Katsafanas
Vasilis (Bill) Katsafanas
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We all face uncertain economic times. As everyone knows, the federal government has passed the American Recovery & Reinvestment Act (ARRA) creating huge sources of funds to pay for various projects to "stimulate" the economy. Many companies, are now considering entering into contractual relationships with the federal government as contractors or subcontractors.

The money is good! Invariably it comes with many strings attached. Before becoming a government contractor or subcontractor you must be aware what you are agreeing to undertake. The government is ramping up enforcement efforts to catch and punish government contractors and subcontractors that fail to meet the legal requirements associated with such contracts.

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