Construction Recordkeeping and Documentation Requirements for Government Contracts
1 hour 30 minutes
Explore the recordkeeping requirements for government contractors and learn how to establish compliant recordkeeping practices.
All federal contractors are required to maintain and keep records, yet many are unfamiliar with the nuances of these obligations to ensure their company’s recordkeeping practices and procedures comply with applicable laws and regulations. What types of records must or should a government contractor keep? How long should a government contractor keep contracting records? Where should government contractor keep its records? When does the obligation to maintain records arise? This topic explores the recordkeeping requirements for government contractors and helps explain how to establish compliant recordkeeping practices. Recordkeeping may sound like a mundane and tedious task, but when faced with an audit or claim, properly kept records that can be quickly identified and utilized makes all the difference.
• You will be able to discuss the implications and penalties for failing to properly maintain and keep records.
• You will be able to identify the sources of law that mandate specific recordkeeping practices.
• You will be able to recognize the types of records your company is obligated to maintain and keep.
• You will be able to review your company’s recordkeeping practices and procedures to ensure best recordkeeping practices.