If you are part of the GovCon industry, you know that the last two months have been hectic ones. With the White House issuing various Executive Orders impacting government procurements across various agencies, and DOGE conducting contract reviews to identify large-scale award cancellations, many contractors are navigating uncharted waters. From dealing with unprecedented issues such as unpaid invoices to broad sweeping stop-work orders and terminations for conveniences – it is critically important for these contractors to understand the applicable legal and accounting rules governing their rights and obligations. In this webinar, experienced government contracts attorney and McCarter & English partner Maria Panichelli is joined by seasoned government contract cost accounting and compliance professionals Giacomo Apadula and Kristen Blandford of RSM US LLP. Together, they will discuss how contractors can respond to termination notices, explain key strategies for contractors to follow, and provide guidance on (compliantly) maximizing recovery of your termination settlement proposals. Key areas covered will include:
- Learning how to distinguish between stop-work orders and terminations.
- Immediate actions to take after receiving a stop-work order or termination notice.
- Identifying key areas of prime/subcontract communication and cooperation in the context of terminations.
- Strategies for minimization or avoidance of costs during suspension/stop-work or after termination.
- Best practices to identify, quantify, and justify allowable stop-work and termination settlement costs to optimize cost recovery.
- Strategies to support the basis for termination settlement cost calculations (inventory basis vs. cost basis) and justify proposed settlement costs in the event of termination settlement proposal audit.
- Remedies available to contractors for government’s failure to pay invoices undisputedly due and owing.
- Claim Strategies for costs incurred as a result of other issues arising from EOs and/or DOGE-related impacts.
Tuesday, April 15, 2025, 12:00 p.m. – 1:00 p.m. EDT