Redstone Government Consulting Blog | Redstone Team (7)

If your business pipeline is growing and you are issuing more subcontracts of higher values, Contractors should be aware that your organization has a duty under 48 CFR §22.805 to the Office of Federal Contract Compliance Programs (OFCCP).

Watch as Jamie M. Brabston and Linda Scalf face off in this episodes Bean Boozled Challenge. Who will be delighted with the yummy original and who will be dismayed with the yucky alternative?

5 Things You Need to Know Before Your Update

In previous blogs, we have recommended preparing a CAS Disclosure Statement (DS) soon after emerging from small business status. We also recommended reviewing your cost accounting practices prior to preparing a Disclosure Statement to prevent having to change afterwards and ending up requiring a cost impact statement. So, by now you are probably wondering what this mythical beast is and what is the big deal about preparing it.

Watch as Kimberly Basden and Veronica Hughes face off in this episodes Bean Boozled Challenge. Who will be delighted with the yummy original and who will be dismayed with the yucky alternative?

DCAA’s Auditing More than ICS & Proposals?

Over the last few years, we have often written on the changing landscape of contractor business system audits.  Specifically, the fact that the DCAA has invested considerable resources into the audit of incurred cost proposals and proposals for most of the past decade, which has led to an inability to routinely audit contractor business systems, conduct routine post-award (TINA) defective pricing audits and other audits that should be a routine part of doing business with the government in a flexibly-priced environment.  The change in audit focus has been apparent since the end of 2018, but we are just now starting to see the true impact of the Agency’s adaptation to an audit world without a large volume of incurred cost audits. 

Discover the critical aspects of mergers and acquisitions, especially for government contractors, in our latest video and article. From major milestones to essential considerations, such as FAR 31.205-27 and DFARS 231.205-70 guidelines, we've got you covered. Watch now to learn more!

Every month our team’s charity committee comes up with clever ideas centered around a truly important part of our organization: giving back to the community.

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,

Is your company in a situation, performing as a prime contractor on government contracts, but needing to sell the business? Or is there a material change in your business causing a transfer of assets to another business? In the commercial world of contracts and business operations, the assignment of contracts primarily operates under the Uniform Commercial Code (the “UCC”) and assignments occur frequently due to the ever-changing business landscape. However, this process does not exist in government contracting and novation may be the route for your organization. Assignment and novation of contracts have different consequences for the parties involved; however, for purposes of this article, we will specifically address novation within the context of contracting with the U.S. Government.