Summarizes the Federal Acquisition Regulation System (FARS), improper business practices and personal conflicts of interest, publicizing contract actions, outsourcing/privatization, and competition requirements. Addresses acquisition plans, contractor qualifications, contract delivery, and performance. Explains socio-economic policies, commercial items, options, sealed bidding, and negotiation. Reviews general contracting requirements, intellectual property, cost accounting standards, cost principles, financing, protests, disputes, and appeals. Explores research and development contracting, construction and architect-engineer contracts, inspection and warranty, value engineering, delays, suspension of work, modifications, subcontracting, and government contract termination.

The Federal Acquisition Regulation (FAR) System; Improper Practices and Conflicts of Interest; Competition Requirements; Make or Buy; Contractor Qualifications; Market Research; Commercial Items; Simplified Procedures; Sealed Bidding; Negotiation; Types of Contracts; Special Methods; Small Business; Labor Laws; Environment; Privacy and Freedom of Information; Foreign Acquisition; Patents and Copyrights; Bonds and Insurance; Taxes; Cost Accounting Standards; Contract Cost Principles; Financing; Protest and Disputes; Major Systems; Research and Development; Construction and A-E Contracts; Service Contracting; Federal Supply; Utilities; Modifications; Subcontracting; Government Property; Quality Assurance; Transportation; Value Engineering; Termination; Extraordinary Actions; Government Sources; Clauses and Forms.

A continuation of the successful Government Contracts in a Nutshell, 6th, this expanded Principles of Government Contracts, 7th summarizes the Federal Acquisition Regulation System (FARS), improper business practices and personal conflicts of interest, publicizing contract actions, and competition requirements. Addresses acquisition planning, contractor qualifications, and descriptions of agency needs. Explains socio-economic policies, commercial items, contract types, options, sealed bidding, and contracting by negotiation. Reviews intellectual property, cost accounting standards, cost principles, financing, protests, disputes, and appeals. Explores research and development contracting, construction and architect-engineer contracts, inspection and warranty, value engineering, delays, suspension of work, changes and equitable adjustments, subcontracting, and government contract terminations for default and convenience.

This unbiased analysis of statutes, regulations, and case law clarifies the complex rules of federal procurement policies, explaining the processes that government personnel and contractors must follow in every aspect of government contractingand—from inception to completion. Topics include contract administration and personnel, contract interpretation, risk allocation, changes, delays, pricing of adjustments, and much more.

Government law attorney Steven J. Koprince teaches you to concentrate on the crucial but complex Federal Acquisition Regulation (FAR) and other rules required for keeping contracts alive and avoiding penalties. Each year, the federal government awards billions of dollars in small-business contracts. The Small-Business Guide to Government Contracts puts a wealth of specialized legal counsel at readers’ fingertips, answering the most important compliance questions like: Is a small business really small? Who is eligible for HUBZone, 8(a), SDVO, or WOSB programs? What salaries and benefits must be offered? What ethical requirements must be followed? When does affiliation become a liability? Small-business contracts are both the lifeblood of hundreds of thousands of companies and a quagmire of red tape. No one can afford to be lax with the rules or too harried to heed them. The Small-Business Guide to Government Contracts empowers contractors to avoid missteps, meet their compliance obligations--and keep the pipeline flowing.