Strategic Costing and Pricing Fundamentals for Government Contractors

Government contractors have to understand the fundamentals of strategic costing and strategic pricing in order to make correct decisions that determine their overall profitability on a job.

2023-02-28T13:13:27-05:00February 27, 2023|Categories: Government Contracting|Tags: , |

Government Contracting Basics: Five Types of Government Contracts Including Risks, Pros and Cons

Learn more about these five types of government contracts presented in detail - including what they entail, their risks, and the pros and cons of each.

2023-02-14T12:16:31-05:00February 14, 2023|Categories: Government Contracting|Tags: , |

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: , |

Implementing the Lease Standard: Things to Remember

The new lease standard has brought about a lot of changes. In this blog post, we will discuss some of the most important things to remember when implementing ASC 842. We'll also provide a checklist of tasks that should be completed in order to ensure compliance with the new lease standard. 

2022-12-08T15:16:32-05:00December 8, 2022|Categories: Audit & Assurance|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: |
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