Rewards, Rules and Risks of Doing Stimulus Business--An Introduction the the American Recovery and Reinvestment Act of 2009: Implications for Construction Contractors

The American Recovery and Reinvestment Act of 2009 (ARRA) aims to aggressively expand federal and state investment in large-scale construction and renovation projects, to spur job growth and fast-track “shovel ready” infrastructure projects and energy efficient renovations. At the same time, the ARRA comes bearing gifts:

1.  aggressive regulations designed to achieve transparency into contractors’ use of ARRA funds, intensive oversight by GAO and IGs, and whistleblower protections to detect suspected contractor fraud;
2.  special “Buy America” rules;
3.  unfamiliar accounting and disclosure obligations; and
4.  special reporting rules. 

These requirements can be onerous. In this presentation, a panel of government contracts lawyers at Crowell & Moring LLP experienced with the construction contracts and federal contracting oversight and investigations will review key rules and risks, discuss their implications for the industry, and answer questions.