Resources

Our Commercial Item Expert, Lynne Nalley, discusses and clarifies common questions and issues associated with commercial items and Commercial Item Determinations (CID).

What is the Incurred Cost Submission? What is Schedule O? What are the Supplemental A Schedules? This VLOG will briefly explain the Incurred Cost Submission, how to complete Schedules O and the Supplemental A Schedules, and the importance of those schedules.

Schedules H and J are some of the most important parts of the Incurred Cost Submission. This VLOG will briefly explain the Incurred Cost Submission, how to complete Schedules H and J, and the importance of each schedule.

Schedules B, C, D, and Fringe are some of the most important parts of the Incurred Cost Submission. This vLOG will briefly explain the Incurred Cost Submission, how to complete Schedules B, C, D, and Fringe, and the importance of each schedule.

Schedule I is the most important part of the Incurred Cost Submission and is the single area of great interest for the Government and its auditors. This VLOG will briefly explain the Incurred Cost Submission, the importance of Schedule I, and how to resolve potential issues.

Schedule K is one of the most important parts of the Incurred Cost Submission and is an area of great interest for the Government and its auditors. This VLOG will briefly explain the Incurred Cost Submission, how to complete Schedule K, and the importance of Schedule K.

This video is the second of a two-part series where we provide an overview of the position of the Department of Labor (DoL) on independent contractor classifications. This series will presents a mock audit to give you a first hand perspective of the types of questions that a Department of Labor investigators ask with regard to the all too common issue of whether or not your workers are properly classified under the law. We will provide “red flags” that are often key to the final determination of Department of Labor, and how to address them.

This video is the first of a two-part series where we provide an overview of the position of the Department of Labor (DoL) on independent contractor classifications. This series presents a mock audit to give you a first-hand perspective of the types of questions that DoL investigators ask with regard to the all too common issue of whether or not your workers are properly classified under the law. We will provide “red flags” that are often key to the final determination of DoL, and how to address them.

This video is the second part of a two part series where we provide an overview of some of the expectations that come with completing a Government proposal and their respective realities. There are some misleading expectations when it comes to completing a Government proposal, and in this video we discuss the various realities that come with completing a proposal. This second part specifically details the expectations and reality of communication with team members, indirect rate goals, and the review process.

This video is the first part of a two part series where we provide an overview of some of the expectations that come with completing a Government proposal and their respective realities. There are some misleading expectations when it comes to completing a Government proposal, and in this video we discuss the various realities that come with completing a proposal. This first part specifically details the expectation and reality of the time it takes to complete a proposal and the frequency of Government updates.

Heather Stroud is a Senior Consultant in the Deltek Costpoint group at Redstone Government Consulting. She works primarily in the Accounting, Projects, and Planning modules. The Costpoint Group works with our clients to implement Costpoint, create customized Costpoint training, and assist with day-to-day processing. Redstone’s President, Asa Gilliland and Heather Stroud are going to sit down to go over some common Costpoint questions and complaints we hear from our clients.

Heather Stroud is a Senior Consultant in the Deltek Costpoint group at Redstone Government Consulting. She works primarily in the Accounting, Projects, and Planning modules. The Costpoint Group works with our clients to implement Costpoint, create customized Costpoint training, and assist with day-to-day processing. Redstone’s President, Asa Gilliland and Heather Stroud are going to sit down to go over some common Costpoint questions and complaints we hear from our clients.

If you have cost-reimbursable vouchers or progress payments based on costs, you want to make sure you have established provisional billing rates. This video and article discuss the importance of provisional billing rates for government contractors.

This short video and article provide insights into FAR Part 31 – the Cost Principles. We explain what FAR Part 31 cost principles are, when they apply, and why they are important. We also discuss what contracts are subject to the cost principles, how they cannot apply to only some of your contracts and not others, and the impact on your accounting system to accommodate the cost principles.

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!

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.

Merger and acquisition events are major milestones for every company and not something that is dealt with on a routine basis. Join us as Asa Gilliland discusses some of the important considerations for government contractors considering an acquisition.