On May 22, 91¶ÌÊÓƵ submitted comments to the Department of Defense (DOD) request for input regarding for contractor reimbursement under Section 3610 of the CARES Act. Among 91¶ÌÊÓƵ's concerns with the draft guidance is the potential for the government to double dip into contractor pockets by both receiving credits cost-reimbursement and Paycheck Protection Program (PPP)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. 91¶ÌÊÓƵ continues to call on Congress to support compensation for all federal contractors during the COVID-19 outbreak. 91¶ÌÊÓƵ 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.