DCAA Recently updated their Price Proposal Audit Program. Learn what changed.

A well-documented justification for an award is crucial for ensuring compliance with procurement regulations as well as transparency and fairness. Here are some key elements for a comprehensive justification document: Introduction: Start with an introduction that provides context for the procurement decision. Include details such as the name of the solicitation, the purpose of the procurement, and the background of the project or requirement. Selection Criteria: Clearly o

For Government contractors with a cost reimbursable contract, spring typically means that it’s time to prepare your Incurred Cost Submission (ICS.) The purpose of this submission is mainly for the purpose of trueing-up actual costs to amounts that have been billed. Sounds simple enough, but the ICS requires 15 complex schedules to meet this objective. Who must file? Any company with a contract containing FAR the Allowable Cost and Payment Clause 52.216-7 is subject to the IC

Distinguishing between different accounting related requirements is important in Government Contracting.

If you’re a federal contractor working under cost-type contracts, you already know that accurate billing is critical. One of the key...

Small businesses are a cornerstone of federal contracting, delivering critical services and innovation across agencies. However, to...

Introduction When the U.S. government shuts down due to a lapse in funding, the effects ripple far beyond federal employees and Capitol...

Simplified Acquisition, Cost or Pricing, and micro-purchase thresholds, among others are proposed to increase.

As we move through the new year, getting financials in order and analyze results of the past year, we must prepare all supporting...

The Defense Contract Audit Agency (DCAA) issued their annual memorandum for audit guidance on the upcoming year's Executive Compensation...

Remember what types of costs are expressly unallowable as described in the Federal Acquisition Regulations section on Selected Cost FAR 31.2

The 7 allowable costs and their caveats. FAR 31.205 Selected Cost Series #2

A directly associated cost is any cost that is generated solely as a result of incurring another cost.

Expense reimbursement may be allowed by a company, but not necessarily by the Federal Government.

We’ve previously discussed types of unallowable costs (see prior deClermont Compliance Clips), how to account for those costs and the...

The DFARS Accounting System Criteria includes 18 requirements. Here we group them and discuss at a top level.

The Accounting System assessment contains 18 criteria that must be met for Federal Contracting.

The Business System Rule was enacted to standardize requirement.

Proactive Compliance saves time and money.