This series of FAR summaries is meant to take a meaningful portion of the Federal Acquisition Regulations to ensure an easy-to-understand approach to maintain that readers comprehend the process of doing business with the government ant that the government exercises a fair and reasonable approach to doing business with the general public.
FAR 29 Taxes
It is the responsibility of the Contracting Officer and the offeror as well as the awarded company to understand how taxes apply to the pending or established federal contract. Especially, when it comes to pricing and reimbursement. Include established taxes in proposed pricing. Remember that tax laws can change over time. Money may trade hands as a federal contract progresses.
I never dealt with taxes directly other than liens brought forth which lowered a company’s D&B rating. However, I did find a great example to share.
ASBCA Says Contractor Wasn’t Exempt From State Tax
Both sides have lawyers. Use them to be sure you know what’s going on.
If you think I can help then email nicholas.s.robertson@outlook.com for your introductory email and free consultation.
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