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Worker Adjustment and Retraining Notification (WARN) Act (29 USC Chapter 23) offers protection to workers, their families, and communities by requiring employers to provide notice 60 days in advance of covered plant closings and covered mass layoffs. This notice must be provided to either affected workers or their representatives (e.g., a labor union); to the […]

The Wage Determinations Online (WDOL) Program provides a single location for federal contracting officers to use in obtaining appropriate Service Contract Act (SCA) and Davis-Bacon Act (DBA) wage determinations (WDs) for each official contract action. The website is available to the general public as well. Guidance in selecting WDs is provided in the WDOL.gov User’s

  The System for Award Management (SAM) is combining eight (8) federal procurement systems and the Catalog of Federal Domestic Assistance into one new system. SAM is being deployed in phases, beginning with the “Entity Management” capability and the Exclusions portion of the “Performance Information” capability.    Website: System for Award Management (SAM)   SAM

Supply and Demand is an economic model of price determination in a market. It concludes that in a competitive market, the unit price for a particular good will vary until it settles at a point where the quantity demanded by consumers will equal the quantity supplied by producers resulting in an economic equilibrium of price

  All prospective contractors submitting a Request for Proposal (RFP) responses must be determined “Responsible” by the Program Contracting Officer (PCO) before they can be considered contract contenders. In order for a contractor to be considered “Responsible” they must: Have adequate cash or lines of credit, Be able to comply with the required delivery schedule

  A Sole Proprietorship is a business that is owned and managed by one owner.  They may use a trading name or business name other than their legal name for the company. There is generally a requirement to file a fictions business as a statement with the local authorities if the company isn’t named after

  A partnership is a business that is owned by more than one owner. These owners share in operating the business and assume liabilities for is debts.  There are several types: [1] General Partnership: All owners share in assuming liability for the business debts. Limited Partnership: Has one or more limited partners who don’t have