Event Description:
On 9 September 2022, the Principal Director, Defense Pricing and Contracting (DPC) issued a memo titled, "Managing the Effects of Inflation with Existing Contracts." In this memo, DPC provided procedural information on how to process requests for relief for extraordinary circumstances where contractors have sought or may seek an upward adjustment to the price of an existing firm-fixed- price contract to account for current economic conditions, but many questions remain. In this session, our speakers will discuss the statutory and administrative framework of P. L. 85-804 as implemented in FAR part 50.
Speaker Information:Mr. Zachary D. Prince
Adjunct Professor, GWU Law School and Partner, Government Contracts Practice Group, Smith Pachter McWhorter PLC
Mr. Prince is a partner in the Government Contracts practice group. His practice encompasses all areas of government contract law. Mr. Prince counsels domestic and international clients on a wide range of issues, including compliance with federal and state regulations and statutes, bid protests, contract and subcontract drafting and negotiations, contract changes, claim preparation and disputes, cost allowability and cost accounting standards, price and cost reasonableness, export controls, government audits, subcontractor management and disputes, due diligence for mergers and acquisitions, cybersecurity, and general litigation. Mr. Prince's clients range from the largest traditional defense contractors to small businesses, to non-traditional government contractors including commercial technology companies.
Mr. Todd Garland, Smith Pachter McWhorter PLC
Todd Garland is an experienced government contracts attorney and litigator specializing in contract claims and disputes with the federal government. His practice involves advising clients on legal issues arising from relationships with the federal government and private partners. Mr. Garland helps clients resolve contract disputes with the federal government, bid protests, and disputes between prime contractors and subcontractors in commercial litigation. In addition to representing "traditional" government contractors, he helps non-traditional government contracting clients operating under "other transaction" agreements with the U.S. government.