Government contracts and grants can be lucrative ventures but are difficult to navigate with inherent risks. Eight months after the passage of the Infrastructure Investment and Jobs Act (IIJA) this complex task is only getting more difficult. The industry is struggling to evaluate compliance requirements and adapt accordingly.
The recent regulatory changes in the domestic procurement landscape make it even more critical to have a solid grasp of the regulations and how strategic sourcing initiatives can impact eligibility to pursue government contracts. Failure to remain compliant can directly impact business performance, reputation, or even the ability to participate in the contracting process.
With the passing of the historic $1 trillion IIJA, contractors have access to new funding and may be subject to domestic content requirements for the first time. The recent administration’s commitment in promoting domestic goods means understanding compliance requirements is more important than ever.
KPMG LLP (US) is hosting a one-hour TradeWatch webcast which will feature professionals from our Trade and Customs, Government Contractor Services, and Infrastructure & Projects Advisory practices, and will focus on the following areas:
- IIJA impact and funding opportunities
- Overview of requirements and upcoming changes to the Buy America Act, Buy American Act, and Trade Agreements Act
- Industry developments, challenges, and responses to increasing compliance requirements
- Looking ahead to more changes on the horizon
If you are a manufacturing government contractor or selling goods to the U.S. Government, Federal agencies, serve in a trade compliance role, or are even just interested in domestic preference statutes, it’s time to ask yourself: Are you compliant?