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Practice Definitions  | Government Contracts

Government Contracts

Government Contracts Law is comprised of all the statutes, cases, rules, regulations and procedures with which any company must comply to do business with the government (federal, state or municipal).

These rules and regulations apply to virtually every aspect of making, performing and eventually terminating a contract with a government agency or department.

The set of laws and regulations that cover government contracts is immense, complex and constantly changing. While the laws and rules may be complicated, many of the government's contracting regulations are designed to prevent favoritism and to force the government's contracting officer to give all bidders fair access to be awarded a contract with the government.

The rules are also intended to protect taxpayers by making sure that the government gets the lowest price for goods and services from the private sector, thus making certain that the contract is fair to taxpayers.
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