Robert Eldridge and Michael Steen, Director and Senior Director of Redstone Government Consulting, have been selected to speak at the prestigious National Contract Management Association’s World Congress (NCMAWC). This annual training event for contract management, procurement and acquisition professionals is the largest training event of its kind and will be held at the Gaylord National Hotel and Convention Center in Washington D.C., from July 27-30.
Eldridge and Steen, who will each be speaking July 29 on the subject of new and continuing challenges and risks involving pro-active risk management, will be participating in this year’s event, entitled “The Contract Management Journey: Seizing New Opportunities for Success,” with other representatives from various government agencies, government contractors, legal firms, and fellow consulting firms. There will be numerous keynote presentations, executive panel discussions, and concurrent breakout sessions at the NCMAWC, which will cover topics including business ethics, government contract audits and administration, and the impact of anticipated declines in government spending.
Eldridge will be discussing the topic “Business Systems Rules Change Under DAR Council Consideration,” which will cover the various anticipated changes that could potentially shift more responsibilities to government contractors. This shift would stem from the lack of government resources available to review or audit contractor compliance with the Defense Federal Acquisition Regulation Supplement (DFARS) Business System Rules, which were implemented in May of 2011. The effects of contractors being required to obtain and pay for independent reviews and audits, similar to the Sarbanes-Oxley Act of 2002 in regard to financial statement audits, will also be discussed.
Steen’s topic of “Executive Compensation Under Continuous Assault” will discuss how the compensation of contractor executives has continuously been challenged politically and via audits by the Defense Contract Audit Agency (DCAA) over the past five years. The effects of DCAA after-the-fact audits, which continue to challenge compensation reasonableness with a highly prescriptive analysis that has been deemed statistically flawed in two high-profile contract disputes, as well as the 2014 decision to adjust the compensation statutory cap from $952,308 for 2012 and 2013 to nearly half at $487,000, will be discussed.
Eldridge and Steen each will speak for 75 minutes on their specific topic. The event is expected to have more than 1,500 in attendance.