It should come as no surprise that, as Patrick McGeehin and Daniel Johnson point out in The Comprehensive Guide to Lost Profits Damages for Experts and Attorneys, "lost profit disputes arise frequently in the government contracts industry." Yet the breadth and complexity of these claims may surprise many appraisers unfamiliar with this sector of the economy. From the government and contractor through sub-contractors, suppliers, and competing businesses, the depth of parties involved and the nature of their contracts can make assessing these claims very challenging, to say the least.

"Lost Profits Issues Unique to Government Contracts," part 10 of BVR's Online Symposium on Litigation & Economic Damages features expert appraiser McGeehin and attorney Johnson examining where the opportunities and pitfalls lie in assessing lost profits claims relating to government contracts. Their discussion will include a review of government contract types, how cost amounts factor into those contract vehicles, and what all attorneys and appraisers should know when reviewing a lost profits claim related to a government contract.

• Intro
• Government Contracting Types
• Fixed Price Contracts
• Cost Reimbursable Contracts
• Other Contract Types
• Government Contract Cost Analysis
• Full absorption versus variable/avoided cost allocation and analysis
• Application of Government Contract principles to Lost Profits Disputes
• Legal considerations in presenting lost profit cases
• In general
• Specific to government contracts
• Case law examples
• Conclusion

• Learn how lost profits damages are assessed in the government contracts industry
• Learn how different government contract types impact both the claim and analysis of lost profits
• Learn how costs associated with contracts impact the lost profits claim
• Learn how different entities, including the contractor, sub-contractor, supplier, and competitor may claim lost profits