As we said in this space a few days ago, the SBA has put in place a safe harbor until May 14 for companies to return Paycheck Protection Program loan money if they find they don’t need it. No harm, no foul.
So, what happens if they don’t need it, but don’t return it? Maybe Clubber Lang said it best.
Continue reading…In theory, best value procurements provide the government with an opportunity to select a higher priced proposal where the higher price is justified by the technical superiority of the proposal. In practice, though, the technical factors of a best value procurement can seemingly relegate price to a secondary consideration.
In a recent decision, however, GAO confirmed that price is an essential evaluation consideration in any best-value decision.
Continue reading…It’s no secret that federal contract opportunities are becoming more and more competitive. But as we’ve previously gushed, small businesses enjoy a tremendous tool for enhancing their competitiveness: participating in a joint venture with another company.
Properly formed, a joint venture allows its participants to augment their capabilities and experiences in the quest to win (and successfully perform) a particular opportunity. But there’s the trick—to enjoy the benefits of a joint venture, that joint venture must meet various regulatory requirements. One misstep and the joint venture might not be eligible for the award.
A recent SBA Office of Hearings and Appeals decision shows the importance of making sure these regulatory requirements are met.
Continue reading…On Monday, May 4, the SBA will issue another Interim Final Rule updating the Paycheck Protection Program—this time limiting the “aggregate amount of PPP loans that any single corporate group may receive.”
Continue reading…The federal government and federal contractors continue to deal with the fallout from COVID-19, while still providing the many functions of government. Because the work of government keeps on keepin’ on, there were a number of interesting updates in the federal contracting world this week.
These included news about how COVID-19 is affecting small business contractors, the Air Force’s investment in flying cars (!) using a new acquisition model, and DoD’s desire for first-tier suppliers to meet ‘Level One’ CMMC criteria.
Continue reading…**Update 5/6/2020: As of May 5, the SBA updated its PPP FAQ’s, announcing its intention to extend the PPP Safe Harbor period to May 14. This post has been updated to reflect this change.
***Update 5/14/2020: As of May 14, the SBA updated its PPP FAQ’s once again, announcing its intention to extend the PPP Safe Harbor period to May 18. This post has been updated a second time to reflect this change. The SBA has also supplemented its guidance on the Safe Harbor Provision, as discussed here.
If you’re a parent, you might be familiar with the SBA and Treasury Department’s current strategy to crack down on businesses taking Paycheck Protection Program funds when they don’t qualify: if ineligible businesses ‘fess up and return the money by May 14, nobody gets in trouble.
Continue reading…For many people—and for businesses all across the country—the news over the past month or two has been bleak. Even for those lucky enough to stay healthy, COVID-19 has caused significant financial pain, as business disruptions have led to unemployment numbers rivaling those seen during the Great Depression.
To be sure, there are rays of sunshine poking through the storm clouds. The federal government has tried to get financial support to small businesses coping with economic uncertainty. And we’ve heard incredible stories of people helping their neighbors in need.
These feel-good stories truly are inspiring. That’s why, when I heard of one client’s effort to give back to their community, I felt compelled to share it.
Continue reading…