A well-designed and effective Government Contracts Compliance Program is a critical element in being a successful and compliant government contractor. A Compliance Program is critical for large, more well-established Federal contractors. The goals of a Compliance Program include maximizing compliance with all relevant laws, regulations and contract terms and conditions while minimizing risk.
The key elements of a Compliance Program include:
A well-designed and implemented Compliance Program will help to significantly reduce compliance risk on government contracts – but it won’t completely eliminate that risk. Continuous training, review of potential violations and the proactive reporting of significant violations to the government provide the company with strong affirmative defenses in the rare case of a significant adverse event. Thus, a well-designed and functioning Compliance Program is critical to being a successful and profitable government contractor.
Please contact CGS today for further information on Government Contracts Compliance Program. We would happy to help you to design and implement a Compliance Program specifically tailored to your Company’s needs.