Explore the recordkeeping requirements for government contractors and learn how to establish compliant recordkeeping practices.
All federal contractors are required to maintain and keep records, yet many are unfamiliar with the nuances of these obligations to ensure their company's recordkeeping practices and procedures comply with applicable laws and regulations. What types of records must or should a government contractor keep? How long should a government contractor keep contracting records? Where should a government contractor keep its records? When does the obligation to maintain records arise? This topic explores the recordkeeping requirements for government contractors and helps explain how to establish compliant recordkeeping practices. Recordkeeping may sound like a mundane and tedious task, but when faced with an audit or claim, properly kept records that can be quickly identified and utilized makes all the difference.
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Agenda
Introduction
Origins of Contractors' Recordkeeping Requirements
- Federal Acquisition Regulation (FAR)
- Defense Federal Acquisition Regulation (DFAR)
- General Services Acquisition Regulation (GSAR)
Recordkeeping How-To's
- Types of Records to Maintain
- Time for Keeping Records
- Methods of Keeping Records
Access to Contractors' Records
- Disclosure Under the Freedom of Information Act
- Audits by the Defense Contract Audit Agency
- CIDs and Other Compelled Disclosures
Variations
- Specific Contract Terms
- State Law
Penalties
Questions and Answers
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Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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OnDemand Course
This course was last revised on August 25, 2020.
Call 1-866-352-9540 for further credit information.
- AK CLE 1.5
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- HI CLE 1.5
- This program was approved by the Hawaii State Board of Continuing Legal Education for 1.5 CLE credit hours.
- IL CLE 1.5
- This course was approved for a total of 1.5 hours of MCLE Credit by the Illinois MCLE Board.
- ND CLE 1.5
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- VT CLE 1.5
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Why Lorman?
Over 34 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Paul Ghazaryan
Alston & Bird LLP
- Associate in the Los Angeles office of Alston & Bird LLP
- Represents construction industry professionals in contract negotiations and in litigation related to construction dispute claims
- Provides transactional and compliance counseling to federal, state, and local government contractors
- Published Final FAR Council Rule Expands the Scope of GIDEP Screening and Reporting and Effectively Mandates GIDEP Membership for Covered Contractors, Alston & Bird Government Contracts Blog, December 2019
- J.D. degree, University of Southern California; B.A. degree, University of California, Irvine
- Can be contacted at 213-576-1032 or [email protected]
Andy Howard
Alston & Bird LLP
- Partner in the Los Angeles office of Alston & Bird LLP
- 18 years of experience resolving construction and government contracting disputes
- Advises companies on the unique procurement and contracting policies and procedures contained in the Federal Acquisition Regulation (FAR) and associated agency supplemental regulations and equivalent state procurement rules, on compliance with and negotiation of government contracts, and on the standards for the protection of classified information
- Recently recognized in the 2020 edition of The Best Lawyers in America
- Presented Alston & Bird Coronavirus webinar, The Road Ahead: Keeping Up with the Regulatory Onslaught and Forbearance Agreements
- J.D. degree, Mercer University; B.A. and B.M. degrees, Furman University
- Can be contacted at 213-576-1057 or [email protected]
MJ Kim
Alston & Bird LLP
- Associate in the Atlanta office of Alston & Bird LLP
- Provides counseling to government contractors on compliance with federal, state, and local procurement rules and regulations, including the Federal Acquisition Regulation, agency supplements, and state equivalent rules, and represents them in adversary proceedings including procurement protests and government investigations
- Published “Construction Laws and Customs: Georgia,” Thomson Reuters Practical Law, April 2020 and “Are Stars Aligning for a Major Shakeup of the Buy American/TAA Domestic Preference Regime?” Contract Management Magazine, April 2020
- J.D. and B.A. degrees, Georgia State University
- Can be contacted at 404-881-7436 or [email protected]
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