A different animal – Federal projects bring a variety of challenges

Description

Abstract: The American Recovery and Reinvestment Act of 2009 (the “stimulus act”) appropriated billions of dollars in construction spending. Only now, however, are many of these projects finally arriving. But federal contracting warrants some careful preparation. These jobs are a far different animal from their privately funded counterparts. This article explains the types of competitors involved, the bidding process, and the tax ramifications. A sidebar points out that there are also ethical requirements involved.