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)
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)
The topic of accounting system adequacy seems to be a recurring issue for many in the government contracting community. Earlier this month in the ongoing “process of elimination”, GAO weighed in again on what is NOT considered a determination of accounting system adequacy. In Shivoy B-413104.36, GAO rightfully denied a protest for unequal treatment in eliminating a proposed offeror due to lack of verification of a proposed subcontractor’s accounting system as adequate.
Topics: Compliant Accounting Infrastructure, DCAA Audit Support, Federal Acquisition Regulation (FAR)
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We have received a number of inquiries from clients related to cost allowability for Employee Stock Ownership Plans (ESOPs). In this Part II, we focus on the cost allowability rules and regulations for government contractors (Part I provided a more general description of ESOPs).
Topics: Compliant Accounting Infrastructure, Employee & Contractor Compensation, Contracts & Subcontracts Administration, DCAA Audit Support, Government Regulations, Federal Acquisition Regulation (FAR)
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