Basic Government Contracting Requirements

General SBIR Contracting Issues Contract Types Requirements of an “Adequate” Accounting System

SBIR’s – for Small Businesses, but with Big Requirements Regular government contracting rules apply

Federal Acquisition Regulations (FAR) DCAA audits/reviews TINA – certify negotiated contracts over $550,000 (subject to fines, penalties & jail time)

Flexible funding, but not free spending

Funds for R & D – flexible Must generally follow proposed Statement of Work Can’t do whatever you want once you “get your hands on the money”

Awards are not cost competitive

Know What You’re Getting Into

Phase I’s are generally FFP Once negotiated, contract value doesn’t change Required to provide deliverables Phase II’s are generally CPFF Negotiate contract value Can only invoice for actual, allowable costs incurred Indirect Costs must be tracked and reimbursed only at actual – determined after end of contract

Phase III – Can be anything

Contract vs. Grant

Contract = Commitment to perform
Acquisition Instrument
Government is the purchaser
Purpose is to acquire goods
Grant = Best efforts
Assistance mechanism
Benefits a public purpose
Purpose is to stimulate research

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