Deltek Costpoint Early Adopter Program 8.1

Redstone GCI has been pleased to be a part of the Early Adopter testing program for Costpoint version 8.1. There have been numerous changes and improvements within the system in all modules, but we would like to highlight the below areas that our consultants found most useful.

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Topics: Accounting & Billing System, Deltek Costpoint

DOJ is Diving Deeper into the Paycheck Protection Program (PPP) Pool

The focus of fraud used to be primarily on defense contractors, health care providers and health care suppliers. However, other companies are now being exposed to the Federal Claims Act (FCA) including software companies, private equity financiers, insurance companies, and educational institutions. Additionally, fraud is not just related to companies receiving the funds.

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Topics: Incurred Cost Submission, Defense Contractors, DOD IG, Government Compliance Training, Incurred Cost Proposals, Cost-Type Contracts, Accounting & Billing System, DOD Contractors

Employee or Independent Contractor?

Are You SURE All of Your Workers Are Properly Classified?

In January of this year (2021), we told you that the United States Department of Labor (DOL) under the Trump administration announced a final rule clarifying the standard for whether a worker is an employee or an independent contractor under the Fair Labor Standards Act (FLSA). This rule reaffirmed the “economic reality” test as the primary factor for determining employee status. The final rule was published in the Federal Register on January 7, 2021 and the Rule was set to have an effective date of March 8, 2021.

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Topics: Contractor Employee Compensation, Human Resources, Accounting & Billing System, Fair Labor Standards Act (FLSA)

Understanding Deltek Costpoint Unbilled Receivables

If having unbilled receivables is a new concept based on your experience with other software systems, you may find it a relief that having an unbilled balance is not necessarily bad or wrong. Unbilled Receivables is the offsetting account for billing and revenue postings in Deltek Costpoint. When a billing is posted, the Billed Receivables account is debited, and Unbilled Receivables account is credited. For the revenue posting, the Unbilled Receivables account is debited and Revenue account credited. Hence, if the billing and revenue posting amounts are the same, the offsetting Unbilled Receivables account will be zero. That sounds great, however, there may be situations where billing and revenue do not or should not match, which then creates a balance in the Unbilled Receivables account. So, when is it okay to see an Unbilled Receivables balance?

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Topics: Accounting & Billing System, Deltek Costpoint

HR Huddle - June 29, 2021

Overview:

  • EEOC launches new landing page that is a one-stop-shop for information regarding sexual orientation and gender identity workplace rights.
  • The White House seeks to continue providing remote work opportunities for federal employees.
  • The DOL makes plans to update the DBA and Related Acts Regulations.
  • EEO-1 data collection is now open and due July 19th.
  • US Supreme Court upholds the Affordable Care Act in California v. Texas.
  • Juneteenth is now a federal holiday.
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Topics: HR Huddle

Travel Costs Regulation & Myths

Have questions regarding what travel costs are allowable? Do you think the travel regulations say you can never have first-class airfare be reimbursed? Or do you think the regulation says you’re restricted to a compact rental car? For the answer to these questions and more, check out our video on travel regulations and myths!

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Topics: Vlog

SAM.gov is Changing

What is SAM.gov?

SAM.gov is the System for Award Management (SAM) in which businesses must register to contract with the US Government and for non-profits to receive grants. The registration is valid for one year and must be renewed annually. It is recommended to renew 45-60 days prior to expiration.

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Topics: System Award Management (SAM)

The Door to Armed Services Board of Contract Appeals is Through a COFD

Recent Northrop Appeal

Northrop attempted to open up a dialog with Government as to the allowability of litigation settlement costs it planned to include in its 2019-2023 Sector Home Office Allocation Submission. Of course, Northrop believed the cost was allowable, and the Corporate Administrative Contracting Officer (CACO) believed the costs to be unallowable.

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Topics: Non-US government contractor, Litigation Consulting Support, Incurred Cost Submission, Defense Contractors, DCAA Audit Support, Government Regulations, DOD Contractors, Federal Acquisition Regulation (FAR)

A Concerning ASBCA Finding on Commercial Item Definition

The Finding of Concern –

While the decision in the case (ASBCA, 21-1 BCA ¶37,823 Hollymatic Corporation, Armed Services Board of Contract Appeals, (Mar. 22, 2021)) did not specifically rest on this finding; the board stated:

“Our reading of the solicitation is also supported by the fact this was a commercial acquisition pursuant to FAR Part 12 and the definition of a commercial item (product) in FAR 2.101, paragraph 1, requires the item to have been “sold, leased, or licensed to the general public; or has been offered for sale, lease, or license to the general public” (i.e., to presently exist in the market) (finding 2)”

A selective review and reference to this case by DCAA or DCMA could lead to the impression that for a product (i.e., item) to meet the FAR 2.101 definition of a commercial item the product must be completely developed and currently offered for sale in the commercial marketplace.

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Topics: Contracts Administration, Contractor Purchasing System Review (CPSR)

Acceptable Estimating System: NITAAC CIO-SP4 Points Scoring

The National Institutes of Health Acquisition and Assessment Center (NITAAC) released its long-awaited Request for Proposal (RFP) for the Chief Information Officer – Solutions and Partners (CIO-SP4) program on May 25, 2021. Phase I of the evaluation of offeror proposals will consist of validation of the offeror’s completed self-scoring sheet and ranking the offerors based on this scoring. Only the highest rated offerors will advance to phase 2 of the evaluation. Accordingly, every point counts!

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Topics: Business Systems Review, Cost and Pricing and Budgeting, Government Regulations, Government Proposal Support