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This is a practical discussion on the rules and procedures relevant to terminated contracts and damages calculations when seeking REAs. Termination settlements and REAs frequently present contractors with challenges and potential risk. We will discuss specific regulatory requirements, common standard forms, specific risk areas, and real life examples of actual outcomes.
About Our Presenter ...

Craig Stetson
Managing Director, 
Capital Edge Consulting

Craig Stetson has over 25 years of direct experience in government contract accounting, pricing, subcontract management, regulatory and federal contract compliance, business system implementation, and internal control oversight. His industry experience includes aerospace and defense, manufacturing, construction, architecture and engineering, information and communications, higher education, and not-for-profits.

Craig is experienced in a wide range of cost accounting and regulatory compliance matters related to government contracts and grants, including claims preparation and negotiation; cost allowability; application ofFederal Acquisition Regulation (FAR) and 0MB Circular requirements; accounting and business systems assessment related to government contract compliance requirements, internal control sufficiency and overall self-governance; cost estimating, accounting and auditing of federal contracts and grants; and, application and interpretation of Cost Accounting Standards (CAS).

Prior to joining Capital Edge, Craig was a director at PricewaterhouseCoopers, Baker Tilly Virchow Krause, Navigant Consulting, and KPMG. He began his career as an auditor for the Defense Contract Audit Agency (DCAA).

Craig received a Bachelor of Science degree in Accounting from Syracuse University and a Master of Business Administration degree from California State University- Long Beach. He is a Certified Public Accountant, licensed in California, and a Charted Global Management Accountant

About Our Presenter ...
Holly L. Clarke
Partner, FisherBroyles, LLP

Holly Clarke is a proven expert in the field of U.S. and international government contracting.  She has served as the senior legal executive at both General Atomics Aeronautical Systems, Inc. and L-3 Communications Aerospace Systems shouldering the responsibility for all legal matters arising from contract procurement, negotiation, performance, and disputes. She has represented clients with contracts at both the state and federal level, including contracts with the DoD (U.S. Army, Air Force, and Navy), NASA, TSA, MDA, and GSA.  She has represented clients in both pre- and post-award bid protests before the respective agencies, the GAO, and the Court of Federal Claims.  

Ms. Clarke’s vast international experience includes being the lead negotiator and legal counsel on a $120+ million USD direct commercial sale services contract with the United Kingdom Ministry of Defense, securing a billion-dollar hybrid DCS/FMS program to sell certifiable unmanned aircraft systems to the UK.  In addition, Ms. Clarke was the lead counsel on a $130+ million VIP aircraft interior contract, lead counsel on a direct commercial sale of services to the Republic of South Korea to upgrade and modernize the mission systems on the nation’s P-3 Orion aircraft; established a legal presence in India to enable FMS sales into the country, and prepared industrial participation agreements in Spain and the UAE. 

Ms. Clarke possesses a unique perspective towards client service.  She is business-focused; striving to understand the business goals of each pursuit or transaction to ensure that the legal solution offered not only ensures legal compliance, but also that is efficient and tailored to the business’ needs.  This approach has earned her the praise and respect of her colleagues at each of the companies where she has worked.   Additionally, Ms. Clarke understands the interplay between competing interests in a corporate setting and the political and financial implications of choosing a legal strategy.  She works hard to identify all stakeholders and their concerns and address them fully. 

FisherBroyles, LLP is a full-service law firm for the twenty-first century. Our Law Firm 2.0® business model prioritizes the highest quality of legal services by partners who have the most relevant expertise, while our structure maximizes efficiency, responsiveness, and value. We simply align the interests of clients and attorneys by identifying and eliminating the inefficiencies of the traditional law firm model. It’s the Next Generation Law Firm.®