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Inflation Relief Is Coming for DOD Contractors, 12.09.22, Kevin Barnett, Lauren Brier, and James Rhodes
As PilieroMazza has reported, rising costs due to inflation have been one of the most significant issues facing contractors with fixed-price contracts for the past year. Although the Department of Defense (DOD) and General Services Administration have taken some steps to ameliorate the situation, those solutions have left contractors wanting. But true relief may be in sight. Congress included a provision in the National Defense Authorization Act for Fiscal Year 2023 that would authorize DOD contractors to receive contract adjustments for inflation-related cost increases. Read more here.
Final Rule Establishes Requirements for New SBA Veteran Small Business Certification Program, 12.07.22, Meghan Leemon and Daniel Figuenick
The Small Business Administration (SBA) issued a final rule last week, officially transferring the responsibility for certification of veteran-owned small businesses (VOSB) and service-disabled veteran-owned small businesses (SDVOSB) to SBA, effective January 1, 2023. We previously blogged about this change here, indicating that Section 862 of the National Defense...
President Donald Trump falsely claimed that the stock market had “hit a new high” on Thursday, while the Dow plunged over three hundred points. Trump spoke to press while visiting the Lincoln Memo...