Firms that work on programs funded by the US Government vary in size, legal structure, organizational form, product/service offerings, and many other important distinctions. However, they all become subject to some portion of the Federal procurement regulations, which creates challenges and risks that are serious and unique. This regulatory burden, coupled with the dramatic increase in competition for scarce program funding, has changed the nature of this important segment of the US economy.
CostTrend provides consulting services to clients that are actively involved in providing a wide range of goods and services to many Agencies under a variety of procurement regulations:
- Department of Defense contractors operate in one of the most highly regulated, highly audited segments of the contracting world, with the requirements of DFARS, DCAA, and DCMA constantly changing.
- USAID contractors and grant recipients operate in a complex environment, with extensive Agency regulations unique to the performance of development programs overseas.
- Intelligence Community contractors operate with an increased degree of autonomy and flexibility, which raises the risks of inadvertent non-compliance.
- DHHS programs operate under the FAR or OMB Circulars, and organizations may find themselves subject to multiple, overlapping regulations creating confusion.
- Contractor work with Homeland Security, State Department, Energy, NASA, EPA, and others agencies have to deal with procurement policies that supplement the FAR, creating unfroseen risks.
- State and Local governments may operate in a manner similar to the Federal Government, or they may operate according to the procurement regulations of the local governmental unit, which makes compliance difficult.
- Not-for-Profit organizations are increasingly expanding their operations beyond grants and cooperative agreements, and entering into contracts/subcontracts that subject them to the FAR in addition to the OMB Circulars.
- Small Businesses, Small Disadvantaged Businesses and other socio-economic groups may become subject to additional FAR and SBA requirements when competing for set-aside procurements.