Do you fully understand the regulatory landscape and requirements?
In the wake of recent natural disasters, including Hurricanes Harvey, Irma and Maria and wildfires in California, the US government is supporting emergency management efforts through contracts and grants for goods and services necessary to stabilize the emergencies. In addition to the immediate emergency spend to restore impacted areas, hazard mitigation funds will be committed to limit the impact of future disasters in affected areas.
Contractors and grant recipients need to understand the key requirements attached to this funding to avoid potential noncompliance and adverse financial impact.
Contractors and recipients should have a clear understanding of the requirements for eligibility, reporting, and billing on grants, subgrants, prime contracts and subcontracts under Federal funds awarded for disaster recovery and hazard mitigation.
Partner, PwC US