Task:
Please compose a ten (10) page paper on the Business Ethics in Government Contracts. Some sources of information are the Federal Acquisition Regulation (FAR) and Formation of Government Contracts, Third Edition, pages 134 through 202.
Topic: Business Ethics in Government Contracts
1) Introduction
A. Definition of BusinessEthics
B. Significance of the Business Ethics
C. Definition of Terms
2) Body
A. Business Ethics in Government Contracts:
In December, 2007, FAR regulations were enacted that require a written code of business ethics in many government contracts. The regulations stipulate that all federal contracts of more than $5 million must require the contractors to have ethics policies in place, as well as the internal protocols to communicate and enforce them, within 90 days of the contract award. The only exceptions are contracts for commercial items and those that will be performed outside of the United States.
The regulations also apply to subcontracts that are for over $5 million and that have a performance period of 120 days or longer. Before the enactment of these regulations, the government was unable to act on any perceived misconduct by contractors as long as the contract was technically still being fulfilled. State and local agencies may also build ethics clauses into their solicitations as well, although it's not required. As a contract manager, it's your job to take great care in complying with these standards. Failure to instate and enforce a business code of ethics at your company could cost you the contract award.
B. Effects of unethical decisions
C. Solutions
3) Conclusion