With a renewed focus on DCAA Estimating System Audits, Cheryl Anderson shares some advice on successfully navigating the process.
DCAA Estimating Systems Audits are likely to be on the rise, and Consultant, Cheryl Anderson, provides an overview of expectations in which contractors should be prepared. Contractors must be ready with an extensive schedule of the previous 12 months’ price proposals (and not just those which resulted in a contract), and data on all proposals submitted to any government agencies. Although not all contractors are subject to Estimating System Audits, this is the time to ensure you have an “acceptable” estimating system. Cheryl presents some of the most common criteria in which compliance can be an issue and warns contractors about the consequences of failing the audit, including a whopping 5% withhold of payments. Listen in and educate yourself on Estimating System Audits!