Redstone Team

Recent Posts

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: Proposal Cost Volume Development & Pricing, DFARS Business Systems, Estimating System Compliance

What Do I Need to Know About Letter Contracts? Do I Dare?

What are the circumstances necessitating the use of a letter contract which is also referred to as an undefinitized contract? The main circumstance is the government’s interests demand that the contractor immediately begin work and negotiating the final contract price (definitized) isn’t possible in order to meet the needs of the buying activity. Letter contracts should only be used when the work needs to immediately begin and there isn’t sufficient time to agree on the final terms and conditions. The government and prime contractors use letter contracts to immediately start work and then set a schedule to work towards negotiating to the finish line.

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Topics: Contracts & Subcontracts Administration, Federal Acquisition Regulation (FAR)

Simple but Effective Prime Contract Management Suggestions

Need some simple suggestions for basic contract management? This is a follow on to the previously published blog, Simple but Effective Subcontract Management Suggestions. Below are a few suggestions to consider when initiating and managing your prime contract within your contracts group.

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Topics: Contracts & Subcontracts Administration

Simple but Effective Subcontract Management Suggestions

Need some simple suggestions for basic contract management? Setting aside regulations in government contracting and all the complexities, there are a few steps you can take which reduce some of the workload and stress upon contract award. Below are a few suggestions to consider within your infrastructure.

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Topics: Contracts & Subcontracts Administration

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