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As a small business owner, you are fully expected by
the government to be in tune with the management responsibilities that
come with accepting award of a government contract. You are held
accountable for financial activities under the contract, as well as
for the performance of your contract personnel. In addition, you
may be held accountable for a whole range of regulatory compliance
matters on such issues as contract record-keeping, employee training,
workplace safety, environmental protection, and the supervision of
subcontractors or consultants. It is important to know what you
are doing because you risk potential liability should something go
wrong in any one of these areas.
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