June 8 FAC Confirms FAR Changes
Client Alert | 1 min read | 06.09.05
FAC 2005-04, published on June 8, 2005 (70 Fed. Reg. 33654-33677), either adopts interim rules previously promulgated or makes relatively minor changes to existing rules concerning allowability of deferred compensation and post-retirement benefit costs, SDB and HUBZone evaluation preferences, Davis-Bacon Act application, telecommuting by federal contractors, incentives for performance-based contracting for services, and use of labor standards on construction contracts. The principal substantive changes in the FAC are the elimination of the commercial pricing exemption for noncommercial modifications to commercial items exceeding the greater of $500,000 or 5 percent of the total contract price (applicable only to contracts with DoD, NASA, or the Coast Guard) and complex changes to the rules concerning recognition of gains and losses and allowable rental costs in connection with sales and leaseback transactions that should be considered in planning such transactions.
Insights
Client Alert | 2 min read | 04.10.26
On April 7, 2026, six federal agencies (FBI, CISA, NSA, EPA, DOE, and U.S. Cyber Command – Cyber National Mission Force) published a joint advisory warning that Iranian-affiliated threat actors are targeting internet-facing OT devices, particularly PLCs. In some cases, the threat actors have caused operational disruptions and financial losses at U.S. critical infrastructure organizations by manipulating software files that contain configuration settings as well as showing false data on hardware and software dashboards and displays.
Client Alert | 4 min read | 04.10.26
FTC Issues Five-Year Strategic Plan: What Businesses Need to Know
Client Alert | 4 min read | 04.09.26
Client Alert | 2 min read | 04.09.26
OMB Issues New Policy on Federal IT Transparency and Acquisition Oversight
