The federal government conducts its business through authorized agents, called contracting officers:
Depending on the situation, the same person may be all three.
Because the government is a sovereign entity (in other words, it is the ruling power), it has rights that commercial businesses do not have. For example, the government has the right to unilaterally revise the contract, so long as changes are within the parameters of the contract.
Because taxpayer dollars are being spent, the government can impose extensive audit and surveillance requirements under the terms of a contract.
One big fear that small business owners seem to have is that the government will come in and audit their books, go through their files with a fine tooth comb, and tell them how to run their business.
That fear is totally unfounded and far
from the truth
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