Have questions regarding what travel costs are allowable? Do you think the travel regulations say you can never have first-class airfare reimbursed? Or do you think the regulation says you are restricted to a compact rental car? For the answer to these questions and more, check out our video on travel regulations and myths!
A Whitepaper by John C. Shire, CPA, Director, Redstone GCI & Jerome S. Gabig, Attorney, Wilmer & Lee
Although technically 41 USC § 6305 prohibits the transfer of Government contracts from one contractor to another, there are times when the Government realizes it is in its best interest to waive this rule—in a document called a novation agreement. If you want the Government to recognize your transfer, you need to design and execute an agreement that protects the Government while ensuring all parties assume (or waive) rights and obligations where necessary, including those situations where subcontracts are involved. Additionally, finding the Contracting Officer is another key step in the process of executing a novation agreement, especially where contracts are large enough to be administered by DCMA. Lastly, you must ensure that risks are averted in the transfer process, the required documentation is submitted, and the format meets FAR requirements before the Government finally gives its final approval.
For many contractors (truly, for any business), any event with the word “Audit” in the name has a scary connotation. And when you add DCAA to that, a contractor’s blood pressure may automatically rise. However, the best way to rock an audit is to understand what it is for and be prepared for it.
The DFARS requires contractors to maintain compliant systems for Material Management and Accounting System (MMAS). This video and article will help you understand the requirements of a compliant Material Management and Accounting System.
Have you made a change in accounting practice that would require a Cost Accounting Standard (CAS) Cost Impact? Watch our latest blog to help you understand the requirements and potential issues.
f your company no longer qualifies as a small business or is a company that wants to move from commercial contracts to negotiated contracts with the Federal Government, then this Vlog is for you. This Vlog explains how to determine when Cost Accounting Standards (CAS) apply and what are the different levels of coverage. It also discusses how to determine your CAS-covered universe and why it is important. There are three significant dollar amounts when dealing with CAS: $7.5M, $2M and $50M. Watch to find out why these are important numbers in the world of negotiated Government contracts.
Listen to a few questions your organization should answer if moving to a prime role is on your radar. This change will affect your business operations, therefore your staff should take into consideration this change and how to plan moving forward. From proposal development to subcontract management, your organization may experience some growing pains.
Our latest video and article provide essential tips and strategies for government contractors, both small and large, to ensure success throughout the government contracting process.
A reminder of different contract vehicles and types and common terms in the business. A refresher for those in the industry or primer for those new to contracting.
A Government Property Management System Analysis (PMSA) can be a contractor’s first experience with Defense Contract Management Agency (DCMA). This video and article explain what to expect for a Government contractor’s initial PMSA – commonly known as a Government property audit. Join Jonas Clem as he discusses the essential aspects of a contractor’s first PMSA.
