Source: FDN The Trump administration’s plans to shutter four small agencies are indefinitely on hold, following a court’s recent ruling. A federal judge in Rhode Island issued a permanent injunction on Nov. 21, blocking the administration from taking any further action to eliminate the Institute of Museum and Library Services, the Minority Business and Development Agency, the Federal Mediation and Conciliation Service, and the Interagency Council on Homelessness. President D

Source: BDO Key Takeaways: There are three common U.S. government contract types: Firm Fixed-Price, Cost-Plus, and Time and Materials contracts. From a contractor’s perspective: Firm Fixed-Price contracts are high financial risk, low compliance risk, and have a low administrative burden. Cost-Plus contracts are low financial risk, high compliance risk, and have a high administrative burden. Time and Materials contracts are moderate financial risk, moderate compliance risk,

Source: MORGAN LEWIS The long-anticipated Cybersecurity Maturity Model Certification (CMMC) requirements begin to take effect on November 10, as the US Department of Defense (DOD) published its Defense Federal Acquisition Regulation Supplement (DFARS) final rule that incorporates these new cybersecurity requirements into federal contracts. Although CMMC requirements will be mandatory for some DOD contracts under which Federal Contract Information (FCI) or Controlled Unclassi