Redstone Government Consultants are industry veterans with over 150 years of combined DCAA experience. We understand the unique nuances of its organizational structure and operating procedures. We’ve been in the auditor’s shoes and we share many years of industry management expertise. Our consultants provide unique perspectives; bringing both government and contractor proficiencies to bear and we are committed to serving government contractors. In addition to our consulting and training services, our team develops and publishes a variety of industry materials that are filled with the most relevant and current information for government contractors including our newsletter, whitepapers, and information on cutting edge current events through our blog. 

Understanding Project Setup in Costpoint for Management Webinar

This FREE webinar will offer attendees an understanding of the importance of project setup decisions in Costpoint. Attendees will learn information about project structure decisions, revenue setup decisions and other important decision areas within the project setup. We will also discuss what role each department plays in ensuring that all contractual requirements are met.

Developing an Affirmative Action Program – Compliant Tips for Common Challenges Webinar

This FREE webinar will offer attendees an overview of the Affirmative Action Program requirements of the Office of Federal Contractor Compliance Programs (OFCCP) and key considerations when developing a written Affirmative Action Plan. HR (Human Resources) Professionals are challenged with maintaining compliant processes while continuing to fulfill the recruitment needs of the organization during this…

Understanding 2 CFR 200 Requirements Related to Subrecipients vs Contractors Whitepaper

A White paper by John Shire, Director & Lynne Nalley, Director

Federal Acquisition Regulations (FAR) is structured significantly differently than OMB Guidance 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (i.e., Grants and Cooperative Agreement).

Whitepaper Total Time Accounting in the Govcon Environment - Redstone GCI

Total Time Accounting in the Govcon Environment (Uncompensated Overtime for FLSA Exempt Employees)

A Whitepaper by John C. Shire, CPA, Director, Redstone GCI & Asa Gilliland, President & Director, Redstone Government Consulting

Based on DCAA’s track record of disregarding its own guidance on what are acceptable accounting methods for contractors incurring potentially significant amounts of uncompensated overtime, DCAA is very likely to see the risk sufficient to report what they see as a non-compliance as a significant deficiency and therefore recommend system disapproval and the implementation of a withhold.

Whitepaper Cost Accounting for Software Related Costs To Be Sold, Leased, or Marketed - Redstone GCI

Cost Accounting for Software Related Costs To Be Sold, Leased, or Marketed

A Whitepaper by John C. Shire, CPA, Director, Redstone GCI

Does Federal Acquisition Regulations (FAR) or Cost Accounting Standards (CAS) provide specific requirements when it comes to accounting for costs related to software to be sold, leased, or marketed in the future? The simple answer is “no”, however, a review of FAR Part 31 certainly supports that the cost is allowable and allocable to both individual contracts and as a benefit to more than one contract, based on the nature of the software related effort, provided the cost is reasonable. For the purposes of this whitepaper, we are going to assume the cost is reasonable in both nature and amount based on the prudent person in the conduct of competitive business test in FAR 31.201-3, determining reasonableness.

Whitepaper Novation Agreements – Prime U.S. Government Contracts - Redstone GCI

Novation Agreements – Prime U.S. Government Contracts Whitepaper

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.

Business Ethics - Redstone GCI

CAS Standards Applicability Date List

CAS Standards Applicability Date List—Don’t Miss These Crucial Deadlines!

CAS Standards come with a wide variety of applicability deadlines, none of which you want to miss. To ensure you meet the deadlines, Redstone GCI has created a free downloadable list of CAS Standards, spelling out the crucial deadlines you need to plan on.

CAS Coverage Decision Matrix 2020 - Redstone GCI

CAS Coverage Decision Matrix 2020

CAS Coverage—Steps in Determining Your Coverage

New to CAS and want to ensure your CAS coverage? Teetering on that Small Business Threshold? Trying to make decisions based on DCAA’s outdated version? Download a copy of Redstone GCI’s CAS Coverage Decision Matrix 2020.

Our 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!

Whitepaper Planning vs. Organization Costs - Redstone GCI

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.

Whitepaper What Are The Prime Contractor’s Risks Related to Subcontracts - Redstone GCI

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.

Case Study Weighted Guidelines Approach - Redstone GCI

Weighted Guidelines Approach Case Study

A Case Study by the Redstone Team

In this case study: Redstone was able to justify and substantiate, using the weighted guidelines approach, a 7.99% fee for services versus a 6.0% fee as originally proposed by the Government, resulting is significant gain to the client.

DFARS Business Systems - Redstone GCI

DFARS Business Systems White paper

A white paper by Michael Steen, Senior Advisor & Robert L. Eldridge, CPA, Director

The proposed DFARS amendments related to case 2012-D042 shed light on some of the inefficiencies surrounding the DCAA auditing concerns, both in the burden shift to contractors and the financial burden of juggling both internal audits and external independent CPA audits. When combined with increased DCAA oversight, government contractors could experience oppressive auditing requirements.

Government Contracting and Uncompensated Overtime - Redstone GCI

Government Contracting and Uncompensated Overtime

A White paper by Wayne Murdock, CPA

Although hourly employees are protected under FLSA (Fair Labor Standards Act), salaried employees do not enjoy the same protection. With the 2015 revision of FAR 52.237-10, all uncompensated overtime must be accounted for. DCAA and auditors are most concerned about this overtime as a requirement for an adequate accounting system. Although the CAM (Contract Audit Manual) offers plenty of guidance, it is up to contractors to fully understand and implement the accepted methods to prevent DCAA rejection.

The Audit World’s Biggest Myths - Redstone GCI

The Audit World’s Biggest Myths

A White paper by Wayne Murdock, CPA

It is important to remember that DCAA’s primary goal is to ensure the government gets a fair price for products and services, so the auditor is not visiting your location for your benefit. By knowing this, you can, however, be prepared when dealing with auditors. See why researching and educating your auditing staff can make a DCAA audit a successful experience.