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Strategies for Dealing with a Government Shutdown

SmallGovCon

For example, according to a report published by the White House Office of Management and Budget (OMB), the 2013 shutdown was estimated to reduce Gross Domestic Product growth by between $2 and $6 billion. ” In addition, the Antideficiency Act also might restrict an agencys ability to obligate new funds under existing contracts.

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Government Contracts Issues for a Recession

Procurement Notes

Additionally, generally, the reasonable costs of preparing, submitting, and negotiating an REA are contract administration costs, and consequently are also recoverable. Louis, stlouisfed.org (July 1, 2013), available at [link]. [32] 143] So, it is common to include those costs in an REA, or in a follow-on mini-REA. Bank of St.

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An In-Depth Examination of Inflation Relief for a Government Contractor

Procurement Notes

Nonetheless, from 2013 to 2018, “[y]ear-over-year [wage] growth has mostly ranged between 2% and 3%[.]” [8] So, with recent wage growth of 5.5%, wage growth has been accelerating. The goal is for the modification to be more of an issue of the parties responding to a performance dilemma, then it is altering the premise of the contract award.