Insights

Washington – February 22, 2019: Crowell & Moring LLP is pleased to announce that its Government Contracts Group has been recognized as one of Law360’s “Practice Groups of the Year” for government contracts. This is the ninth consecutive year that the group has earned this honor.

On January 17, 2025, the Department of Defense (DoD) issued a final rule replacing the term “significant deficiency” in the Defense Federal Acquisition Regulation Supplement (DFARS) with the term “material weakness” for use in reviews of contractor business systems.  Effective immediately, a material weakness is defined as “a deficiency or combination of deficiencies in the internal control over information in contractor business systems, such that there is a reasonable possibility that a material misstatement of such information will not be prevented, or detected and corrected, on a timely basis.  A reasonable possibility exists when the likelihood of an event occurring is probable or more than remote but less than likely.” 

On December 23, 2024, the Servicemember Quality of Life Improvement and National Defense Authorization Act (NDAA) for Fiscal Year (FY) 2025 (FY 2025 NDAA) (P.L. 118-159) was signed into law.  The final FY 2025 NDAA takes a narrower approach to acquisition policy and supply chain changes than watchers expected, but it still makes some consequential changes for contractors.  Read on as Crowell & Moring’s Government Contracts group discusses the FY 2025 NDAA’s new supply chain restrictions and requirements, changes to bid protest jurisdiction, cybersecurity requirements, and more.

The U.S. Court of Appeals for the Federal Circuit has confirmed that the Court of Federal Claims (COFC) has jurisdiction to decide whether contractors may offset cost impacts from multiple, simultaneous cost accounting changes when some changes increase costs to the Government, and other changes decrease costs to the Government.

Crowell & Moring is pleased to announce the launch of our Government Contracts Breakfast Series. All of the sessions will be held in Northern Virginia and focus on issues most important to government contractors. Our September session is described below. 

In this episode, host Nicole Owren-Wiest talks with Elizabeth Buehler, Charles Baek, Michael Gruden, and Catherine Shames about DCAA’s incurred cost audit backlog and its IPA initiative. “It All Adds Up” is Crowell & Moring’s podcast covering the latest government contract accounting, cost, and pricing developments.