Sequestration, which was delayed by two months as part of the deal to avoid the so-called “fiscal cliff,” is now scheduled to begin on March 1, 2013. Unless averted again, sequestration will impose automatic reductions in federal spending across the Government, forcing agencies to make tough choices concerning existing and future programs. Many contractors should expect that, under sequestration, their government customers may seek to terminate contracts for convenience, remove funding from existing contracts, and limit the issuance of new orders. Additionally, contemplated federal furloughs and reductions in the acquisition and programmatic workforces mean that those contractors left on the job may find it even more difficult to work with their customers to address these situations.
While the looming threat of sequestration presents challenges, contractors can take action to protect their contractual rights and position themselves to limit the impact of reduced federal spending. Pete Dungan and Brendan Lill of Hogan Lovells will join us to present a one-hour webinar that provides a summary of everything contractors need to know about sequestration. The discussion will cover:
- An update on the status of sequestration and a potential budget deal;
- How potential agency actions like termination, forced delays, reduced funding, and insufficient federal staffing could affect your contracts;
- Actions contractors can take now to prepare for sequestration;
- Avenues of recovery available to contractors affected by sequestration or reduced funding actions, including termination claims and claims based on delay, disruption, and lack of government cooperation
- Trey Hodgkins, Senior Vice President, Global Public Sector Government Affairs, TechAmerica
- Peter Dungan, Associate, Hogan Lovells
- Brendan Lill, Associate, Hogan Lovells
If you have any questions, please contact Erica McCann at firstname.lastname@example.org.