For contractors and subcontractors providing services to the federal government, compliance with the Service Contract Act or Service Contract Labor Standards is required. Consequences for non-compliance include financial penalties and back wages, withholding of contract funds, and debarment from future contracts—each potentially triggering an audit and investigation by the Department of Labor.   To help contractors comply and avoid these consequences, this session covers key components of the SCA, as well as practical applications to take back to your company.   Learning objectives include SCA fundamentals; fringe benefit considerations; employee classification; application to remote workers; collective bargaining; ancillary executive orders (minimum wage, sick leave, non-displacement) understanding contractual obligations; and price adjustments.

To survive and thrive in an era where large property management and facility management firms are consolidating suppliers and controlling a significant portion of the commercial real estate industry, smaller companies and suppliers should consider the following strategies:    

• Specialize in niche services:
• Emphasize local market knowledge
• Build strong relationships
• Embrace technology
• Offer flexibility and customization
• Form strategic partnerships
• Focus on customer service
• Develop a strong brand and online presence
• Pursue certifications and accreditations
• Stay agile and adaptable
• Offer value-added services
• Explore subcontracting opportunities

By implementing these strategies, smaller firms and suppliers can carve out their place in the market and continue to thrive despite the consolidation trend in the commercial real estate industry.