WHEN IT COMES to federal government contracting, compliance can be the last item that construction contractors want to address. It can be burdensome and time-consuming, and every dollar amount that a contractor devotes to compliance cuts into a contractor’s bottom line. Despite the arduous nature of compliance, however, the risks and consequences of not complying with contractual requirements far outweigh the burdens encountered and the costs of compliance. These risks, consequences, and costs are particularly outweighed when compared to the relatively straightforward compliance requirements that contractors often fail to satisfy. Set forth below is a discussion of the potential consequences of compliance failures, a summary of two selected compliance areas that have recently been the focus of the federal government’s compliance enforcement efforts, and conclusions for surety professionals and their construction contractors. Winter SBQ 2015.
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