Allen Federal has advised numerous companies over the years on federal contract compliance matters.  Some of the topics can be nuanced, but some are simple.  One of the simple things we frequently tell companies is “Don’t Fail to Pay Attention.”  Yet, it’s our experience that most companies facing compliance challenges have done just that.  To what?  For Schedule contract holders it’s the necessity to provide accurate, current and complete information on non-federal sales (for non-TDR contracts) and to monitor discounts relative to their Most Favored Customer relationship.  Tied to these is a knowledge of whether your company’s discounting practices have changed since your last award, extension, or modification.  Don’t submit a mod that says nothing has changed if it has.  It’s quicker to get the product added and make a sale, a significant factor as the end of the fiscal year approaches, but you will likely lose all of that money and more if you make an inaccurate representation and then get audited.  Other terms and conditions, notably Trade Agreements Act compliance, require consistent monitoring as well.  Compliance isn’t just a Schedules requirement.  Each government contract requires specific actions from contractors beyond just fulfillment of the project.  Make sure you know what those are and pay attention so that your company doesn’t fall into the compliance abyss.