Redstone Government Consulting Blog | Federal Acquisition Regulation (FAR) (11)

Where Did This Come From?

National Defense Authorization Act (NDAA) of 2019, required the implementation of a new Federal Acquisition Regulation (FAR) rule barring federal contractors from using telecommunications products or services or video surveillance equipment from certain foreign companies – The People’s Republic of China. As a result, a new contract clause came into place – FAR 52.204-25, Prohibition on Contracting for Certain Telecommunications and Video Surveillance Services or Equipment – effective August 13, 2020.

Topics: DFARS Business Systems, Contractor Purchasing System Review (CPSR), Federal Acquisition Regulation (FAR)

DCAA Takes the Lead Over Office of Federal Procurement Policy (OFPP)

In 2013, Congress put in place a new process for the calculation and publication of the compensation limitation (Cap) for all federal contractor employees. The process places the responsibility to calculate and publish the cap using the Bureau of Labor Statistics (BLS) Employment Cost Index (ECI) data on the Office of Federal Procurement Policy (OFPP). OFPP has failed in this responsibility for the last few years.

Topics: Employee & Contractor Compensation, Incurred Cost Proposal Submission (ICP/ICE), DCAA Audit Support, Government Regulations, Federal Acquisition Regulation (FAR)

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).

Topics: Contracts & Subcontracts Administration, Contractor Purchasing System Review (CPSR), Government Regulations, Federal Acquisition Regulation (FAR)

As we wrap up another hectic year of working with contractors to prepare, review and submit their Incurred Cost Proposals, it had us questioning…“Why do so many contractors wait until the last minute of their deadline to submit? Is there an advantage to submitting at the last minute or is submitting at the last minute actually a disadvantage?”

Topics: Incurred Cost Proposal Submission (ICP/ICE), Contracts & Subcontracts Administration, Federal Acquisition Regulation (FAR)

5 Things You Need to Know Before Your Update

Topics: Compliant Accounting Infrastructure, Proposal Cost Volume Development & Pricing, DFARS Business Systems, DCAA Audit Support, Cost Accounting Standards (CAS), Federal Acquisition Regulation (FAR)

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!

Topics: Government Regulations, Vlog, Federal Acquisition Regulation (FAR)

In our 3rd episode of The FAR Truth, Redstone GCI Director John Shire shares important information regarding two crucial clauses, Limitation of Funds and Limitation of Cost. 

Topics: Vlog, Federal Acquisition Regulation (FAR)

The FAR Truth Episode 2: Kimberly Basden discusses the truth behind the requirements of an Incurred Cost Proposal.

Topics: Vlog, Federal Acquisition Regulation (FAR)

It is 2020 and Redstone GCI presents the first The FAR Truth of the new decade! Join us as Director Bob Eldridge discusses some of the most important planning concerns as we enter the new year, including DFARS business system reviews, Accounting System Reviews for small contractors, post-award TINA reviews, and DCAA’s meticulous attention to executive compensation.

Topics: Vlog, Federal Acquisition Regulation (FAR)

UPDATED – June 18, 2024

Topics: Compliant Accounting Infrastructure, Incurred Cost Proposal Submission (ICP/ICE), Contracts & Subcontracts Administration, DCAA Audit Support, Federal Acquisition Regulation (FAR)