On May 22, ÎÚÑ»´«Ã½ submitted comments to the Department of Defense (DOD) request for input regarding for contractor reimbursement under Section 3610 of the CARES Act. Among ÎÚÑ»´«Ã½'s concerns with the draft guidance is the potential for the government to double dip into contractor pockets by both receiving credits cost-reimbursement and Paycheck Protection Program (PPP) loans that are not forgiven. Additionally, the guidance fails to address that not all forgiven PPP loan amounts are applicable to paid-leave costs expended on employees dedicated to performing certain federal contracts. ÎÚÑ»´«Ã½ continues to call on Congress to support compensation for all federal contractors during the COVID-19 outbreak. ÎÚÑ»´«Ã½ will continue to work with DOD as they issue further guidance on this matter.
For more information, contact Jordan Howard at jordan.howard@agc.org or (703) 837-5368.