Accounting System Compliance Risk – Before and After Contract Award

Government contractors should perform an internal assessment of their compliance before an audit is performed and participate in the audit process to ensure a favorable result.

2023-01-10T08:58:10-05:00January 10, 2023|Categories: Government Contracting|Tags: |

Idle or Not Idle? That is the Question

The pandemic and the resulting changes in employee work routines and locations have created a potential cost-allowability issue that many government contractors have not previously encountered – potential idle facilities and/or idle capacity.

2022-12-29T09:46:26-05:00December 27, 2022|Categories: Government Contracting|Tags: , |

Surveillance Survival – Responding to a Government Audit

Every few years, we reach out relative to the importance of a government contractors’ response to audits performed by the Defense Contract Audit Agency (DCAA), the Defense Contract Management Agency (DCMA), the Department of Labor (DOL) or, for that matter, any other government audit function.

2022-11-29T16:42:27-05:00November 29, 2022|Categories: Government Contracting|Tags: , , |

Strategic Material Handling and Major Subcontracting Indirect Rates

Government regulation requires costs to be classified as either a direct cost or an indirect cost.  As we know, indirect costs, in the aggregate, represent the largest class of expense incurred on government contracts.  Direct costs, by definition, are identifiable with a specific “final cost objective” while indirect costs are associated with common or joint cost objectives.

2022-11-08T17:16:12-05:00November 8, 2022|Categories: Government Contracting|Tags: , |

Labor Recording! Are you ready for an audit?

Labor recording is the basis for the valuing and allocating the efforts of you and your employees and a critical process for government contractors who depend on it for their product and services costing (read billing/cash flow) and pricing.

2022-11-01T10:17:02-04:00November 1, 2022|Categories: Government Contracting|Tags: |

Provisional Billing Rates vs. Forward Pricing Rates

While a contractor’s forward pricing rates may sometimes get confused with their provisional billing rates, by the contractor and even the government, they are completely different rates developed for completely different purposes.

2022-10-27T13:35:51-04:00October 11, 2022|Categories: Government Contracting|Tags: |

What You Need to Know about Government Contracting Laws: FAR and Beyond

FAR (Federal Acquisition Regulations) is one of the most important laws to know for any company looking to work with the federal government. In this blog post, we'll cover some key points so you can get started on understanding your responsibilities as a contractor!

2022-09-22T14:10:34-04:00September 13, 2022|Categories: Government Contracting|Tags: |

New Inclusive Employment Practices in Virginia

Governor Youngkin’s announcement in May provides an alternative hiring process for individuals with disabilities, part of a larger discussion about inclusive hiring practices. Which state agencies are affected and how can they comply?

2022-09-14T13:43:51-04:00September 7, 2022|Categories: Government Contracting, Not-for-Profit|Tags: |

What Is a System?  Getting Started Toward Business System Compliance!

It is important for government contractors in developing their business systems and offering them up to the government as representative of their compliance with the published requirements to understand what a “system” is in the context of government compliance.

2022-08-26T13:46:35-04:00August 23, 2022|Categories: Government Contracting|Tags: , |
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