Why Bid and Proposal Cost is so Confusing to Government Contractors

Accounting for Bid and Proposal (B&P) Explained

Bid and Proposal is a topic that comes up with our contractor clients on a regular basis. Most questions surrounding this topic involve: whom at the contractor should be charging B&P, especially, contractor personnel that typically charge overhead or G&A. We understand why this is confusing. It is our opinion that the guidance per FAR (Federal Acquisition Regulations) and CAS (Cost Accounting Standards) regarding this topic is unclear and leaves contractors scratching their heads trying to be compliant.

Read More

Topics: Defense Contractors, Incurred Cost Proposals, Accounting & Billing System, Cost Accounting Standards (CAS)

The Perils of Cost Accounting Practice Changes

Previously, we discussed how a company ends up with CAS covered contracts.  This month we are going to talk about some of the further fun with CAS.  We recommended preparing a CAS Disclosure Statement soon after emerging from small business status,

Read More

Topics: Compliant Accounting Infrastructure, Cost Accounting Standards (CAS)

The Path to Cost Accounting Standards (CAS)

The most common CAS (Cost Accounting Standards) exemption for most businesses is the small business exemption.  Most contractors understand that as long as they’re small, CAS is a non-issue.  What happens when you’re approaching your NAICS cap and headed toward the dreaded “other than small” status?

Read More

Topics: Compliant Accounting Infrastructure, Cost Accounting Standards (CAS)

Cost Accounting Standards (CAS), Full or Modified?

Read More

Topics: Contracts Administration, DCAA Audit Support, Cost Accounting Standards (CAS)