For government contractors, navigating the labyrinthine maze of procurement regulations often presents the most significant business challenge they face.  It is not uncommon for potential contractors to simply forego Government work altogether because of the seemingly overwhelming regulatory burden.  It is also not uncommon for an unsuspecting contractor to win and award, only to discover after the fact the extent of the regulatory requirements it faces.  Such a scenario becomes a perfect storm when the Government notifies the contractor that it will be conducting a review of the contractor’s purchasing system, and a review demonstrates how unprepared the contractor is for a Government oversight actions.

For those contractors brave enough to forge ahead with Government work, understanding the regulatory framework governing subcontract compliance is paramount.  It is not sufficient to simply seek a good deal in awarding subcontracts; the compliant contractor must thoughtfully and carefully create, implement and maintain a relatively intricate and sophisticated series of systems to ensure that its purchasing system meets government requirements.

In this course, attendees will be introduced to FAR Part 44, the primary regulation affecting subcontracts, as well as other important FAR and DFARS sections which impact the purchasing function.  Attendees will learn the basics of subcontract file creation and maintenance, including the scope and extent and compliant documentation, as well as methods to ensure appropriate file oversight.  Attendees will learn the importance of ongoing communication, not only with vendors but with project management, to ensure compliance requirements are being met and documented properly.  Attendees will also learn the importance of ongoing training in the latest regulations and “hot-topics” in the area of compliance, and will be introduced to the current regulatory trends facing contractors.


This live virtual course is eligible for both CLE and CPE credit.
NOTE: CPE/CLE credit for attendees are subject to participation and approval by the governing boards. NASBA CPE ACCREDITATION INFORMATION
Learning Level: Beginner
Prerequisites: None
Field of Study: Specialized Knowledge
Delivery Method: Group Internet Based

For more information regarding administrative policies such as refunds, cancellations and complaints, please contact Federal Publications Seminars at 888.494.3696.

West Professional Development is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.