Best Practices in the Acquisition of a Government Contractor / edited by Todd R. Overman and Damien C. Specht.

Format
Book
Language
English
Εdition
Second edition.
Published/​Created
  • Chicago, Illinois : American Bar Association, [2021]
  • ©2021
Description
1 online resource (279 pages)

Details

Subject(s)
Editor
Source of description
Description based on print version record.
Contents
  • Intro
  • Title Page
  • Copyright Page
  • Series Page
  • Contents
  • Chapter 1 : Introduction
  • Chapter 2 : The Due Diligence Process
  • A. Confidentiality Agreements
  • 1. Process Issues
  • 2. Types of Nondisclosure Agreements
  • 3. Substance of a Confidentiality Agreement
  • B. Composition of the Due Diligence Team
  • 1. Initial Diligence
  • 2. Comprehensive Diligence
  • 3. Additional Team Members for Government Contracts
  • 4. Organizing the Diligence Team
  • 5. Issues Concerning the Diligence Team
  • 6. Performing Diligence on the Acquirer
  • C. The Data Room
  • 1. Electronic vs. Physical Data Rooms
  • 2. Working with the Target's Data Room
  • 3. Restricted Material
  • 4. Review of Sensitive and Classified Information
  • 5. Follow-up Inquiries
  • 6. Interviews as Part of the Diligence Process
  • 7. The Diligence Report
  • 8. How to Use a Diligence Report
  • D. Developing a Government Contracts Due Diligence Document Request
  • 1. Contracts and Related Information
  • 2. Proposal Files
  • 3. Asset Lists
  • 4. Claims, Disputes, Litigations, and Investigations
  • 5. Government-Approved Systems
  • 6. Compliance Program Documentation
  • 7. Environmental Issues
  • 8. Employment Law Issues
  • 9. Export Controls
  • 10. National Security Issues
  • 11. Antitrust Issues
  • Chapter 3 : Scope of Government Contracts Review
  • A. Methods of Selling to the Government
  • 1. Fixed-Price vs. Cost-Reimbursement Contracts
  • 2. Federal Acquisition Regulations (FAR) Part 15 vs. FAR Part 12
  • 3. Indefinite Delivery/Indefinite Quantity, Blanket Purchase Agreement, and Governmentwide Acquisition Contracting Vehicles
  • 4. Foreign Military Sales/Foreign Military Financing
  • 5. Other Transaction Authority Agreements
  • B. Contracting Parties
  • 1. US Government Prime Contracts
  • 2. Subcontracts under Government Prime Contracts
  • 3. Teaming Agreements.
  • 4. State and Local Contracts
  • Chapter 4 : Cost Issues Particular to Government Contracts
  • A. "Cost-Disclosure" Contracts
  • B. Allowability Cost Principles under FAR Part 31
  • 1. Applicability of the Cost Principles
  • 2. General Requirements
  • 3. Certification of Indirect Costs
  • 4. Allowability Issues That Frequently Arise in Acquisitions
  • C. Allocation under Cost Accounting Standards
  • 1. List of Standards
  • 2. Applicability
  • 3. Exemptions
  • 4. Cost Accounting Standards Board Disclosure Statements
  • 5. Noncompliance and Voluntary Changes
  • 6. Consideration of Changes in Applicability
  • 7. Post-Closing Changes to the Acquiring and the Acquired Companies' CAS Disclosure Statements
  • D. The Truthful Cost or Pricing Data Act-Overview
  • 1. Disclosure of the Potential Acquisition
  • E. Government Audit Rights
  • 1. Nature and Scope of Government Audit Activities
  • 2. Types of Government Audits
  • 3. Role of the Defense Contract Audit Agency
  • 4. Role of Inspectors General and Investigative Organizations
  • 5. Role of the Department of Justice
  • F. General Services Administration (GSA) Schedule
  • 1. Principal Risks of General Services Administration Schedule Contracts
  • 2. Transferring the General Services Administration Schedule Contract to the Acquiring Company
  • Chapter 5 : Claims, Disputes, and Bid Protests
  • A. Contractor Claims Against the Government
  • 1. Requests for Equitable Adjustment
  • 2. Claims
  • 3. Risks of Requests for Equitable Adjustment and Claims
  • B. Government Claims Against the Contractor
  • 1. Claims under the Contracts Disputes Act
  • 2. The False Claims Act
  • 3. Criminal Matters
  • C. Labor and Employment Obligations
  • 1. Service Contract Act
  • 2. Equal Employment Opportunity
  • D. Disputes Arising Out of Subcontracts
  • E. Bid Protests
  • Chapter 6 : Adequacy of The Target's Compliance Program.
  • A. Overall Company Compliance Program and Internal Controls
  • B. Present Responsibility
  • 1. Debarment and Suspension
  • 2. Past Performance on Competitive Procurements
  • C. Existing Arrangements for Classified Contracts
  • 1. Assessing a Company's Existing Compliance Program
  • 2. Identification of Foreign Ownership, Control, or Influence and Security Issues Arising from the Acquisition
  • 3. Integration of the Target into a Corporate Structure
  • D. Foreign Sales
  • E. Export Control Compliance
  • Chapter 7 : Other Risk Areas
  • A. Assignment and Change of Control Provisions
  • 1. Prime Contracts
  • 2. Subcontracts, Joint Venture Agreements, and Teaming Agreements
  • 3. Transaction Considerations
  • B. Warranties and Indemnities
  • 1. Warranties
  • 2. Statutory Indemnities
  • 3. Contractual Indemnity for Liability to Third Persons
  • C. Organizational Conflicts of Interest
  • 1. Federal Acquisition Regulations and Defense Acquisition Regulations Coverage of Organization Conflicts of Interest
  • 2. How Organizational Conflicts of Interest Can Arise in Mergers and Acquisitions Transactions
  • 3. Mitigation of Organizational Conflicts of Interest
  • D. "Revolving Door" Restrictions
  • 1. Relationship Between the "Revolving Door" Restrictions and the Procurement Integrity Act
  • 2. Overview of "Revolving Door" Restrictions
  • 3. How "Revolving Door" Issues Can Arise
  • E. Political Law Considerations
  • 1. "Pay-to-Play" Rules
  • 2. PAC and Campaign Finance
  • 3. Lobbying and Foreign Agents Registration Act
  • 4. Gifts and Ethics
  • F. Intellectual Property under Government Contracts
  • 1. Technical Data and Computer Software
  • 2. Patents
  • 3. Other Transaction Authority Agreements
  • 4. Cooperative Research and Development Agreements
  • G. Small Business Issues
  • 1. Overview of Small Business Requirements in Federal Procurement.
  • 2. Impact of Acquisition on Small Business Status and Contracts
  • H. Terminations
  • 1. Convenience-Fixed-Price Contract
  • 2. Default-Fixed-Price Contract
  • 3. Cost-Reimbursement Contracts
  • I. Defense Federal Acquisition Regulation Supplement (DFARS) Business Systems
  • 1. Overview of DFARS Business System Clauses and Applicability
  • 2. Criteria by System
  • 3. Government Audit, System Determination, and Withhold Practices
  • 4. Subcontracting Considerations
  • J. Cybersecurity
  • 1. Overview and Applicability
  • 2. Safeguarding Information
  • 3. Cyber Incident Reporting
  • 5. Cybersecurity Maturity Model Certification Program
  • Chapter 8 : Acquisition Documents and Pre-Closing Activities
  • A. Nature of the Acquisition
  • 1. Structure of the Acquisition
  • 2. Nature of the Target (Public vs. Private)
  • 3. Economics of the Transaction (Deal Consideration)
  • 4. Ancillary Agreements
  • B. Representations and Warranties
  • C. Disclosure Schedules
  • D. Covenants Between Signing and Closing
  • E. Conditions to Closing
  • F. Classified Business
  • Chapter 9 : Antitrust Requirements
  • A. Overview
  • B. Contemplating Potential Merger or Acquisition-Antitrust Due Diligence
  • C. Negotiating the Merger Agreement-Antitrust Risk Provisions
  • D. Determining Merger Filing Requirements
  • 1. US and Rest of the World Reportability Requirements
  • 2. Merger Review Outside the United States
  • E. HSR Filing and Review Process
  • 1. Managing the Creation and Flow of Deal Documents
  • 2. Filing Preparation and Coordination-Failure to File
  • 3. Merger Review Process and Timing
  • F. Substantive Antitrust Review of Mergers and Acquisitions
  • 1. Horizontal Mergers
  • 2. Vertical Mergers
  • G. Coordination of Multiple Government Investigations
  • H. Consent Decrees and Litigation
  • 1. Consent Decrees.
  • 2. District Court Litigation
  • I. Pre-Closing Activities and Integration Efforts-"Gun Jumping"
  • Chapter 10 : The Committee on Foreign Investment in the United States Approval for Foreign Ownership and Investment
  • A. The Exon-Florio Amendment, as Amended
  • B. CFIUS's Risk Analysis
  • C. CFIUS Jurisdiction and Voluntary vs. Mandatory Filings
  • 1. Investment Jurisdiction
  • 2. Mandatory Filing Requirements
  • 3. Real Estate Jurisdiction
  • D. Whether to File
  • E. Two Ways to File with CFIUS
  • 1. CFIUS Notices
  • 2. Declarations
  • Chapter 11 : Existing Contracts-Dealing with the Anti-Assignment Statutes
  • A. Applicable Law
  • B. Case Law
  • C. Regulations
  • D. Contract Novations
  • 1. Federal Acquisition Regulations
  • 2. Transition Arrangements Pending Novation
  • E. Change of Name Agreements
  • F. Effect of Acquisition on Bids and Proposals
  • Chapter 12 : Issues for the Combined Company
  • A. Guarantee of Performance of an Acquired Subsidiary
  • 1. Existing Guarantees
  • 2. Future Guarantees-General Considerations
  • 3. Alternatives to a Guarantee
  • 4. Government Contract Considerations
  • 5. Legal Issues in Negotiating Guarantees
  • B. Restructuring
  • 1. Allowability of Restructuring Costs
  • 2. Capturing Restructuring Costs
  • 3. Restructuring Agreements
  • C. Cost Accounting Issues
  • 1. Cost Accounting Standards
  • 2. Effect of Acquisition on Cost-Reimbursement and Incentive Contracts
  • 3. Stepped-Up Basis and Goodwill
  • 4. Other Costs-Acquisition of Intangible Capital Assets
  • 5. Intercompany Transfers
  • 6. Pension Costs
  • Appendix 1: Glossary of Acronyms
  • Appendix 2: Sample Confidentiality Agreement
  • Appendix 3: Sample Due Diligence Checklist
  • Appendix 4: Sample Due Diligence Document Request
  • Appendix 5: Government Contracts Representations and Warranties
  • Appendix 6: Basic Novation Agreement, FAR 42.1204(I).
  • Appendix 7: Sample Truncated Novation Agreement.
ISBN
1-64105-961-3
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