At ReliAscent , our experts have seen some contracts with very few pages 10 to 20 , and some with hundreds. But, what happens when the average small business is handed a contract with dozens to hundreds of pages? Just like your standard Apple iTunes agreement, or the typical car loan, how many people actually read every page and all the fine print, understand every condition, and are fully aware of exactly what they are signing up for?
Not many…and when your business is accepting a contract from the Federal Government, not knowing the critical details and processes of each element of the contract can spell disaster for any contractor. The goal is to start work and begin billing the government after all. There are actually several ways you can get a contract award. The award may not be just the SF 26, however, the principles are generally the same in all cases, so we are only going to discuss contract reviews relative to using the SF 26 format.
The SF 26 contract award has several blocks on the front; some are mundane and some are very important. Let's review the SF 26 below :. That covers the front page. Not bad, just a few things to check. Where most people have problems is in the subsequent pages. Whether you have one or multiple CLIN's, they should all be listed here. Each CLIN should indicate:.
This is an area to pay close attention. These things will cause you to account for things differently than a normal contract. Please note that progress payments under a FFP contract are designed to help you with funding the effort.
This could take several months, severely affecting your cash flow. At the end of the CLIN section, you should see an accounting summary. These are most often used by GSA employees, contractors and customers. State Tax Exempt Forms. Find federal forms and applications, by agency name on USA. Please try again later. No results could be found for the location you've entered. Rates for Alaska, Hawaii, U. Territories and Possessions are set by the Department of Defense.
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