Feature Comment: U.S. Contractor Compliance Rules are Likely to Expand
Government Contractor, Vol. 50, Para. 147, April 23, 2008
7 Pages Posted: 9 Mar 2011
Date Written: 2008
Abstract
In response to recommendations and developments in the U.S. procurement community, the U.S. Government is expected soon to issue revised standards for contractor compliance systems. Those standards will likely require more contractors - including contractors working abroad, and perhaps commercial-item contractors - to establish more comprehensive compliance systems to ensure their adherence to the many laws and rules that govern federal procurement. In this brief essay, Christopher Yukins reviews the history of contractor compliance systems, assesses the likely elements of the revised standards, and suggests ways to weigh some of the costs and benefits of new compliance requirements.
Keywords: contractors, compliance systems
JEL Classification: G38, K14, K23, K33, K42
Suggested Citation: Suggested Citation