Government contractors have the opportunity to secure relief under the Coronavirus Aid, Relief, and Economic Security (CARES) Act or Paycheck Protection Program (PPP) and they should prepare for emerging rules and regulations around compliance, reporting, auditing, and accounting. In order to provide financial assistance as quickly as possible during this crisis, not all of the details were fleshed out in advanceSo, the Department of Defense (DoD) recently provided guidance for contracting officers (COs) to help bring clarity by issuing a Class Deviation – CARES Act Section 3610 Implementation document.
These guidelines emphasize the critical need for GovCons to prioritize their relationship with their CO during this unusual time, and have strong control measures in place, the survival of effected businesses may depend on two way communication and collaboration.
Read the full article, written by our VP of Product Marketing Kim Koster, in GovCon Wire.
by Kim Koster
Jun 18, 2020