COR2119. Government Contracting for Construction Contractors – What to Expect

Federal government contract spending reached $682 billion in fiscal year 2020, which included $147 billion in federal contract dollars to small businesses. Government contracting provides an excellent revenue source for construction contractors, which likely will only increase with the recent passage of the Infrastructure Investment Jobs Act. This session will provide attendees with basic advice on how construction contractors can pursue potential opportunities for work in the government contracts marketplace and will also describe the compliance issues that contractors should be aware of when pursuing and conducting this work. The presenters (two CPAs and one attorney) have deep experience with several years of practice in the government contracts marketplace and will provide opportunities for questions and further discussion after the presentation content is completed

Learning Objectives:

• Recognize the basic understanding of key regulatory requirements
• Describe basic government contracting environment
• Review basic accounting guidance for compliant government cost accounting practices