NIGP Headliner Series

ON-DEMAND: Tariffs and the New World Order: What's a Buyer to do?

Navigating the Impact of Tariffs on Government Contracts

1.5 Contact Hours

Available on-demand until October 1.

Register

Today’s headlines are dominated by discussions of tariffs—threats of new ones, implementation of existing ones, reciprocal tariffs, quotas, and other national-level market control measures. Whether merely proposed or actively enforced, tariffs can disrupt markets in significant ways.

Bidders often respond to tariff uncertainty by either avoiding opportunities altogether or including risk premiums in their bids to hedge against potential future tariffs. Contractors may seek price adjustments or even cancel contracts, while buyers face escalating costs and the possible loss of key suppliers.

This seminar will explore strategies to proactively and fairly manage these risks. We will:

• Explain how tariffs and risk premiums function and influence markets.
• Discuss both proactive and reactive strategies for managing price adjustment requests due to tariff changes.
• Offer tools to anticipate and manage the pricing impact of potential tariff changes—whether imposed or lifted—on current and future contracts.

SPEAKER
Michael Bevis, Esq., NIGP-CPP, JD, CPPO, CPSM, C.P.M.
Chief Procurement Officer, City of Norfolk, VA

BIO

By the end of this seminar, attendees will be able to:

• Understand and articulate the effects of tariffs on markets and government contracts.
• Develop strategies for addressing price adjustment requests during contract administration.
• Apply risk management tools, including tailored contractual clauses, to mitigate the impact of tariffs on both current contractors and future bids.