Government Contract Reforms To Watch In 2012

Law360, New York (January 1, 2012, 12:00 AM EST) -- Already grappling with the federal government's budget crunch, government contractors must prepare themselves for more regulatory and legislative oversight in 2012, as lawmakers' efforts to control spending continue to put contractor payments in the spotlight.

The failure of the the congressional deficit-reduction supercommittee to come together on a deficit deal has many in the defense industry bracing for sequestration, a procedure that will trigger $1.2 trillion in across-the-board, automatic spending cuts, half of which will fall on the U.S. Department of Defense.

Those cuts are set...
To view the full article, register now.