On February 17, 2009, responding to what the White House calls “a crisis unlike any since the Great Depression,” President Obama signed the American Recovery and Reinvestment Act of 2009 (ARRA), directing $787 billion back into the economy. The largest domestic spending package since the New Deal will invest in industries selected for their ability to generate future growth - especially science and infrastructure, energy, health care, and education.
But ARRA funding requires clarity of reporting at every level of every project. As the Initial Implementing Guidance for the American Recovery and Reinvestment Act of 2009 memorandum from the Office of Management and Budget (OMB) phrases it, “the Administration is committed to investing Recovery Act dollars with an unprecedented level of transparency and accountability so Americans know where their tax dollars are going and how they are being spent.”
The ARRA attempts to maximize opportunities for small businesses and lower the barriers of entry for companies bidding on government contracts for the first time. But lowering those barriers doesn't mean lowering reporting standards that have been in place for decades, and which have been strengthened through the language of the ARRA. Since the 1960s, one of the cornerstones of government contractor reporting has been EVM, and the Office of Management and Budget has mandated it extensively.
How can companies – especially those new to the world of government contracts – meet these stringent reporting standards? By turning to Dekker solutions. With 25 years experience in government Earned Value Management (EVM), Dekker, Ltd. is the EVM expert companies don't have the time or resources to become on their own.
EVM is a management technique that effectively integrates work scope, schedule, resources, and cost with risk management. If your company is bidding on an ARRA contract, you’ll need to be ready to answer to EVM standards and practices.
Dekker also offers consulting and training services on the East and West Coasts, and can provide both the guidance and toolset necessary to position your company to best take advantage of the opportunities created by the ARRA.
Contact Dekker today to begin a discussion about how partnering with Dekker, Ltd. can help your company navigate the waters of ARRA bidding and contracts.
For more information about the ARRA, please visit Recovery.gov or the Wall Street Journal’s What’s in the Stimulus Bill. A searchable database of Federal Business Opportunities can be found at www.FBO.gov .