https://info.redstonegci.com/blog/cost-accounting-standards-cas

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.

Changing from Subcontractor to Prime Contractor

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.

What to Expect During a Property Management System Analysis (PMSA)

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.

CAS Coverage Decision Matrix

CAS Coverage—Steps in Determining Your Coverage

New to CAS and want to ensure your CAS coverage? Teetering on that Small Business Threshold? Download a copy of the CAS Coverage Decision Matrix.

The matrix offers the latest information regarding the various steps in determining your CAS coverage level. Don’t make decisions blind or assume you have the most up-to-date information before deciding you don’t meet the qualifications!

Planning vs. Organization Costs

A White paper by John C. Shire, CPA, Director

Where does allowable planning end and unallowable organization begin? Two FAR clauses are at odds with each other in terms of merger/acquisition activities being allowable. Contractors need to understand where their planning activities cross the line from allowable, generalized consideration of an opportunity, to unallowable, where specific actions are taken to plan for a specific opportunity. Documenting decision-making, clarifying employee activity, and noting the point at which the organization’s decisions move from a generalized consideration to a specific opportunity plan will help avoid having salaries and employee efforts ruled unallowable by the Government.

What Are The Prime Contractor’s Risks Related to Subcontracts

A White paper by Asa Gilliland President & Director &
Robert L. Eldridge, CPA, Director

Due to several factors, including the desire to reduce the work for DCAA auditors, the federal government has put subcontractor audit responsibility on prime contractors. Although not specifically assigned to prime contractors in the regulation, it is assumed their responsibility. Learn why it is important for prime contractors to have guidance to monitor subcontractor awards and handle contract closeouts and audits.