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What FAR Council Updates to Small Business Contracting Requirements Mean for Large and Small Business Contractors

Federal Construction Contracting Blog

The SBA made numerous changes to its regulations in the past year, but the FAR Council has largely failed to keep pace. Then, earlier this month, the FAR Council published three final rules to implement long-awaited changes to the FAR’s small business contracting requirements.

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Job Order Contract Program Implementation

Job Order Contracting

Work execution and contract administration. It’s generally considered that numerous and repetitive renovation, repair, maintenance, and/or sustainability work, and minor new construction with a minimum annual volume of $2M is appropriate for job order contracting. Development of acquisition/procurement approach. Monitoring.

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Did the FAR Lose Its Mojo in the Government Contracts World? Depends.

Best Practices Construction Law

It’s not everyday that you read about one of your longtime heroes, the Federal Acquisition Regulations (“FAR”), losing some of its mojo. In Lockheed , the Army awarded two separate indefinite-delivery, indefinite-quantity, time-and-materials (“T&M”) contracts to Lockheed for various support services.

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Restoration: How to Manage Cash Flow While Waiting for an Insurance Check

Levelset

Meanwhile, you’re incurring expenses that drain your bank account, like purchasing materials and paying employees. This should be clearly stated in your contract. Be sure to go over payment terms with them when discussing the contract, so they can plan ahead. Read more: 6 questions to ask a homeowner before starting a project.

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Why You Should Understand DBE Laws and Regulations

Best Practices Construction Law

I recently spoke to a group of highway contractors about disadvantaged business enterprise (DBE) laws and regulations and some of the different policies among the state departments of transportation. In other words, a contractor can meet certain DBE participation goals on a project by contracting and using properly classified DBE firms.

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#100:  Dealing With Rising Costs

NH Construction Law

It’s no secret to anyone involved in the construction industry that materials prices have been increasing by leaps and bounds recently. Sometimes the benchmark is budgeted costs, i.e., the contractor’s actual buyout costs at bid time (or those of their subs if the subcontract prices are similarly allowed to fluctuate).

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Texas ‘Retainage’ vs. ‘Reserved Funds’: What’s the Difference & Why it Matters

Levelset

In 2021, Texas enacted some sweeping changes to the mechanics lien process effective on projects where the original contract was entered into on or after January 1, 2022. Generally, retainage is a certain percentage of a contract amount withheld that is payable upon satisfactory completion of the project.

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