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.
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.
To Allocate or Not to Allocate, Is Not the Question!
Good allocation practices can provide a better understanding of the "true" cost of your products and services, allowing you to become more competitive, better utilize your available assets and facilitate your management decision making process.
Government Contractor Revenue Recognition Disclosures
In 2014, the Financial Accounting Standards Board (FASB) issued new guidance, ASU 2014-09, Revenue from Contracts with Customers.
Incentive Bonuses – Be Sure They Are Considered Allowable!
Most companies have found that offering incentive bonuses or awards is a good way to obtain and retain good employees.
Firm-Fixed-Price Contracts vs. Cost-Plus-Fixed-Fee Contracts
Many government contractors start with firm-fixed-price contracts and do well, but at some point they are lured by the possibility of being awarded a cost-type fixed-fee contract that is too tempting to pass up.
CMMC Frequently Asked Questions
The necessity to protect data is one not limited to private sector businesses that store, manage and process personally identifiable information (PII). In fact, government agencies such as the Department of Defense (DoD) also need to evaluate, review and enhance cybersecurity measures both internally and with contractors.
Basic Government Cost Accounting Compliance Requirements
Even in today’s economic environment there are many companies, both start-up and established, that are looking to do business with the Federal government and its [...]