Redstone Team

Recent Posts

Your Company is (is NOT) CAS Covered

If 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.

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Topics: Vlog, Cost Accounting Standards (CAS)

System for Award Management Registration

System for Award Management is a GSA managed application. Businesses desiring to do business with the federal government must ensure they are registered in SAM with accurate information about their business and current representations and certifications.

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Topics: Contracts & Subcontracts Administration, System Award Management (SAM)

Merry Christmas and Happy New Year

Merry Christmas and Happy New Year from all of us at Redstone GCI
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Topics: Redstone GCI

Changing from Subcontractor to Prime Contractor

Our latest video and article provide answers to a few questions your organization should answer if you are interested in moving to a prime contractor role. This change will affect your business operations, so your staff should consider it and plan for the future. From proposal development to subcontract management, your organization may experience some growing pains.

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Topics: Contracts & Subcontracts Administration, Vlog

Costpoint Year-End

As year-end approaches, you may be wondering if there is anything you can do ahead of time to prepare. Here we’ve outlined some quarter 4 checks and processing steps so you don’t land in jail! Find an issue on your FICA recon report or have trouble getting your 1099s to align? Redstone Costpoint consultants are here to assist and support you all the way through the year end process.

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Topics: Deltek Costpoint

DoD Expands Treatment of Contractor Purchases as Commercial Items

Here are the Details

DoD issued DFARs Final Rule D2019-D029 – Treatment of Commingled Items Under $10K, effective October 1, 2020, to implement several sections of the National Defense Authorization Act for Fiscal Year 2017 that addresses treatment of commingled items purchased by contractors and services provided by nontraditional defense contractors as commercial items. This blog only addresses the DFARS change relative to the treatment of commingled items purchased by a contractor. The final rule is applicable to all solicitations and contracts, including solicitations and contracts using FAR Part 12 procedures for the acquisition of commercial items and solicitations and contracts valued at or below the simplified acquisition threshold.

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Topics: Contracts & Subcontracts Administration, DFARS Business Systems, DCAA Audit Support, Contractor Purchasing System Review (CPSR), Commercial Item Determination

Government Contracting Tips

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.

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Topics: Contracts & Subcontracts Administration, Vlog

DoD Attempts to OPEN the Door to More Nontraditional Contractors

Here are the Details

DoD issued a DFARs Final Rule D2019-D029 – Services Provided by Nontraditional Defense Contractors, effective October 1, 2020, to implement several sections of the National Defense Authorization Act for Fiscal Year 2017 that addresses treatment of commingled items purchased by contractors and services provided by nontraditional defense contractors as commercial items. This blog only addresses the DFARS change related to services provided by nontraditional defense contractors as commercial items.

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Topics: Proposal Cost Volume Development & Pricing, DFARS Business Systems, DCAA Audit Support, Contractor Purchasing System Review (CPSR), Government Regulations, Federal Acquisition Regulation (FAR)

Basic Contract Administration & Subcontract Administration Terminology

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.

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Topics: Contracts & Subcontracts Administration, Vlog

Discussing DCAA's Email Notification of DCAA's Planned Virtual Floorchecks

Physical floorchecks appear to be a thing of the past, at least during this COVID-19 pandemic. Watch our video as we walk you through a scenario, as experienced by a Government Contractor, of a virtual floorcheck. We play out the roles and responsibilities of management, compliance and employees as it relates to floorchecks, from DCAA notification, to expectations, to a beautifully acted example of a virtual floorcheck gone RIGHT and a virtual floorcheck gone WRONG. We also lay out questions that may be asked during a floorcheck as well as tips to surviving a DCAA floorcheck that every contractor should consider.

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Topics: DCAA Audit Support, Vlog, COVID-19