Federal Acquisition Regulations (FAR) Compliance Services

Overview

Navigating the complexities of the Federal Acquisition Regulations (FAR) is critical for government contractors to maintain compliance, mitigate risk, and remain competitive in federal contracting. At Redstone Government Consulting, we provide expert guidance to help contractors establish and maintain FAR-compliant policies, procedures, and business systems. Our team of experienced professionals, including former DCAA auditors and industry specialists, offers tailored solutions to ensure compliance with FAR, DFARS, and other regulatory requirements. Whether you need support with cost allowability, purchasing system reviews, audit preparation, or policy development, we are here to help you strengthen your govcon compliance and improve your contracting success.

Services

• Federal Acquisition Regulations (FAR) Compliance Assessments – We conduct comprehensive evaluations to identify gaps in FAR compliance and review existing policies, procedures, and processes. Our team develops a customized compliance roadmap tailored to your organization’s needs.
• Contracting and Acquisition Support – We assist government contractors in understanding and interpreting FAR contract clauses. Our support includes ensuring compliance with contract requirements and refining acquisition and subcontractor management processes.
• Cost Accounting Standards (CAS) Compliance – We help contractors implement and maintain CAS-compliant accounting practices. Our experts provide guidance on direct and indirect cost allocation in accordance with CAS and FAR, including the preparation of CAS Disclosure Statements and cost impact proposals.
• Contractor Purchasing System Reviews (CPSR) Preparation – We prepare government contractors for CPSR audits by reviewing and documenting purchasing policies, procedures, and subcontractor management practices. Our team ensures compliance with FAR Part 44 (Subcontracting Policies and Procedures) and DFARS regulations.
• Cost Allowability and Allocability Reviews – We assist contractors in identifying and classifying allowable and unallowable costs under FAR Part 31 (Cost Principles). Our services include accounting system reviews for proper cost allocation and training on cost allowability principles.
• Audit Support and Representation – We provide expert support during DCAA, DCMA, and Inspector General audits. Our services include preparing audit-ready documentation, assisting with responses to audit findings, and implementing corrective actions to ensure compliance.
• FAR Specific Policy and Procedure (P&P) Development – We develop and enhance internal policies and procedures to ensure compliance with FAR requirements. Our support includes tailored procedures for cost accounting, procurement, contracting, estimating, government property, travel, and labor charging.
• FAR Compliance Training – We offer customized training sessions on key FAR compliance topics, including FAR Part 31 (Cost Principles), FAR Part 15 (Contracting by Negotiation), CPSRs, and FAR Part 45 (Government Property). Training is delivered through webinars, on-demand courses, and in-person workshops.
• FAR Compliance Monitoring and Reporting – We provide ongoing compliance monitoring and internal audit functions to help contractors stay ahead of regulatory changes. Our services include compliance check-ups and reporting to ensure adherence to FAR, DFARS, and agency-specific regulations.
• Incurred Cost Submission (ICS) Preparation – We assist contractors with preparing and submitting their annual incurred cost proposals in compliance with FAR Part 42.705-1 (Contracting Officer Determination Procedure), ensuring proper documentation and support for claimed costs. Our services include ICS audit preparation and responses to DCAA inquiries to facilitate contract reimbursements and minimize audit risks.
• Timekeeping and Labor Compliance – We help contractors implement and maintain compliant timekeeping systems in accordance with FAR Part 31 (Cost Principles) and FAR 52.222 (Labor Laws & Wage Determination). Our services include employee training on accurate timekeeping practices, periodic labor reviews, and floor checks to ensure compliance with government labor charging requirements.
• Subcontractor Management and Compliance – We ensure subcontractor agreements meet FAR flow-down clause requirements, as mandated under FAR Part 44 (Subcontracting Policies and Procedures). Our services include monitoring subcontractor performance for compliance, managing subcontract agreements and modifications, and ensuring adherence to reporting obligations to mitigate risk and maintain prime contract compliance.
• Proposal Pricing and Cost Volume Development – We support contractors in developing cost proposals in compliance with FAR Part 15 (Contracting by Negotiation) and FAR Part 31 (Cost Principles). Our services include reviewing cost volumes for regulatory compliance, ensuring adherence to government pricing and estimating requirements, and assisting in the development of competitive and compliant bid proposals.