With a renewed focus on DCAA Estimating System Audits, we share some advice on successfully navigating the process.
DCAA Estimating Systems Audits are likely to be on the rise, and we provide an overview of expectations in which contractors should be prepared. Contractors must be ready with an extensive schedule of the previous 12 months’ price proposals (and not just those which resulted in a contract), and data on all proposals submitted to any government agencies. Although not all contractors are subject to Estimating System Audits, this is the time to ensure you have an “acceptable” estimating system. We present some of the most common criteria in which compliance can be an issue and warns contractors about the consequences of failing the audit, including a whopping 5% withhold of payments. Listen in and educate yourself on Estimating System Audits!
About Redstone GCI
Redstone GCI is a consulting firm focused on fulfilling the needs of government contractors in all areas of compliance. With a singular mission to help contractors through the multiple layers of “red tape,” we allow contractors to focus on what they do best – support their mission with the U.S. Government. We are home to a group of consultants made up of GovCon industry professionals, CPAs, attorneys, and retired government audit and acquisition professionals.
Our focus and knowledge of audit and compliance functions administered by DCAA and DCMA will always be at the heart of what we do. However, for the past decade, we’ve strategically grown to support other areas of the government contractor back-office with that same level of focus and expertise. We’ve added expertise in contracts management, subcontract administration, proposal pricing, various software systems, HR and employment law, property administration, manufacturing, data analytics/reporting, Grant specialists, M&A, and many other areas. When we see a trend in the needs of contractors, we act to ensure we can provide the best expertise in the market to fulfill those needs.
One thing our clients can be certain of is that with the Redstone GCI Team in your corner, there is no problem too big and no issue too technical for our team to tackle.
Topics:
DFARS Business Systems,
DCAA Audit Support,
Estimating System Compliance
