Keep Your Labor Rate Compliant and Competitive!

The standard calculation of a proposed hourly rate for an exempt salary employee encompasses dividing the individual’s salary by the standard 2,080 work hours per year. However, there is a way you can make your hourly rate more competitive and FAR compliant at the same time.

2022-01-11T14:26:09-05:00January 11, 2022|Categories: Government Contracting|Tags: |

Federal Contractors on the Hook for Cybersecurity Readiness

In another demonstration of the federal government’s commitment to cybersecurity, the DOJ released details of its Civil Cyber-Fraud Initiative. Here’s how contractors can comply.

2021-12-07T11:02:21-05:00December 7, 2021|Categories: Cybersecurity, Government Contracting|Tags: , |

Is Your Pricing Compliant with FAR?

The Federal Acquisition Regulations and the Cost Accounting Standards require consistency in estimating, accumulating and reporting costs.  In other words, the way you price your contracts must be consistent with the way you account for and report them.  There are two things you can do to help ensure compliance.

2021-03-08T10:56:56-05:00January 25, 2021|Categories: Government Contracting|Tags: , |

Accounting Elective for Rent Concessions During COVID-19

One of the effects of cash flow shortages from COVID-19 has been an increase in rent deferments or abatements. It’s one thing to alter the language of a contract, but the question becomes how to treat rent concessions in the financial statements, and which set of guidelines to follow.

2020-12-28T11:21:08-05:00December 28, 2020|Categories: PBMares COVID-19 Insights|Tags: , , |

DCAA Audit Protocol during the COVID-19 Pandemic

As the COVID-19 pandemic continues with no real end in sight the performance of traditional on-site audits by DCAA becomes a significant safety issue.

2020-11-11T14:54:58-05:00November 10, 2020|Categories: Audit & Assurance, Government Contracting, PBMares COVID-19 Insights|Tags: , |

GSA Cancellation Emphasizes the Importance of a Compliant Cost Accounting System

The recent cancellation of the General Services Administration (GSA) $15Billion Alliant 2 Small Business (A2SB) contract highlights the need for small government contractors to have a properly evaluated cost accounting system.

2020-10-17T12:40:40-04:00October 13, 2020|Categories: Accounting, Government Contracting|Tags: , , |

Emphasis on Cost Estimating – Processes and Compliance

The government is increasingly placing emphasis on compliance with the False Claims Act (FCA) and the Truth in Negotiations Act (TINA) currently known as the Truthful Cost or Pricing Act. 

2020-09-07T16:40:05-04:00September 8, 2020|Categories: Government Contracting|Tags: , , |

Communication, Identification and Documentation for Government Contractors

As a government contractor, you are tasked with continuing contract performance under the risks of uncertain and constantly changing circumstances.

2020-08-14T14:58:00-04:00August 6, 2020|Categories: Government Contracting, PBMares COVID-19 Insights|Tags: |
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