Monday Morning Contracting Tip (01/28/19)

Government Shutdown

What happens when the government decides to shut the government down again?  “Be Prepared”

I didn’t share much about the government shutdown during the shutdown because we were already in the shutdown, but I’d like to share some information about preparing for the next shutdown that we hope not to see in the next three weeks or so, but possible. There is a need to review the issues and challenges presented by shutdowns in order to remain prepared for what may come.

• Be very familiar with the clauses incorporated in the terms and conditions of the contract awarded
• Contractors must determine whether they will continue performing or stop work
• A government shutdown is not a self-executing stop-work order
• The shutdown itself does not suspend a company’s obligation to perform nor does it release the government its obligation to pay for performance   
• It can be determined if the contractor’s work require any new appropriation or authorization of spending  
• There’s also a need to identify whether critical government personnel, facilities and resources are available
• It is important to have Direct contact with your Contracting Officer, if your contracting officer issues a stop-work order, then stop work and comply with the order.
• If you do not receive a stop-work order, then you must consider (1) whether your contract is deemed required to support "exempt" government activities and (2) how your contract is funded.    

One important compliance requirement to understand, does your contract required to support activities exempt from the Anti-Deficiency Act?

Many of the legal complications of a government shutdown derive from the Anti-Deficiency Act, which makes it a crime to obligate the United States to spend funds that Congress has not previously appropriated.

There are some narrow exceptions: https://www.gao.gov/legal/appropriations-law-decisions/resources

All The Best

Dannie E. James Sr

JE Group LLC

Phone: 404-557-0027

Fax: 404-521-4018

www.jegroupllc.com

www.amstability.com


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Understanding The BGFRS Beige Book

by C. Henry Adams

The acronym, ' BGFRS ' identifies Board of Governors of the Federal Reserve System.

In 1970, the Red Book which is now called, the ' Beige Book ' was established under the leadership of US Ambassador & Chairman of the Board of Governors of the Federal Reserve System - Arthur Frank Burns.

Unlike the illustration of a beige colored book shown above, this research information mentioned is actually recognized as the ' Summary of Commentary on Current Economic Conditions '.

There are approximately (12) twelve Federal Reserve Banks in the United States of America:

1)  Federal Reserve Bank of Boston
2)  Federal Reserve Bank of New York
3)  Federal Reserve Bank of Philadelphia
4)  Federal Reserve Bank of Cleveland
5)  Federal Reserve Bank of Richmond
6)  Federal Reserve Bank of Atlanta
7)  Federal Reserve Bank of Chicago
8)  Federal Reserve Bank of St. Louis
9)  Federal Reserve Bank of Minneapolis
10)  Federal Reserve Bank of Kansas City
11)  Federal Reserve Bank of Dallas
12) Federal Reserve Bank of San Francisco

...which report the following (8) eight circumstances:

A)  Summary of Economic Activity
B)  Employment and Wages
C)  Prices
D)  Consumer Spending
E)  Manufacturing and Distribution
F)  Services
G)  Real Estate and Construction
H)  Banking and Finance
This report is submitted (8) times per year.  Today is January 16th, 2019, thus the first of eight to be submitted for 2019.


  https://www.federalreserve.gov/monetarypolicy/beigebook201901.htm
 


As a Consultant since 1998 or for 21 years, I encourage you to learn more about the US Economy.

Well, these are my thoughts, what say you?

I welcome your comments.

Thanks!


C. Henry Adams
977 Montreal Rd
Box 1089
Clarkston, Georgia 30021
bienminc@gmail.com
CHA Linkedin 
(404) 254-7187

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Humility Has The Uncanning Way Of Helping One Understand Write-Offs

by C. Henry Adams

First, I would like to thank God for allowing me to see this day, a day never before seen and once its gone; it will never reveal itself again. 

Why?  Because, it is yet the beginning of humility for those of us who seek its new cycle while being aware that we still dwell on Earth.

A ' write-off  ' define in this particular blog is one person who has experienced a level of hardship, whereas, others disregard his or her abilities by assuming that their incapability to arise above despair during a season is inevitable. Thus, Associates, Friends and even Family turn their backs against the less fortunate individual.

If you are a believer in God (or) if you choose to simply think that He does not exist, I can not fault you one way or another. But, sanity should not be define by one's actions to correct mistakes, nevertheless, by their in-actions to correct their errors in life.

Personal experiences has lead oneself to believe that there is certainly a force far greater than its own.

Thus, the point of this discussion must apply here.  If you elect to write-off an individual, understand their current fate in life is not unlike your own.

Perhaps, some of us just rise above adversity better than others.  If you choose to forsake them (Write-offs), then one day during these never before seen cycles, someone will forsake you. 

Just a thought, I welcome your comments. 

Thanks for reading this blog.





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