Are you negotiating maximum profit on your cost-based U.S. government contracts? When your contract amounts and prices are established based on estimated or actual costs, you are required to submit a proposal that includes a delineation of your proposed costs and profit.Read More
Improper labor category classification under U.S. government time and materials (T&M) contracts can result in cost disallowance, investigation, fines — and even jail time.Read More
Do you subcontract a large portion of your U.S. government contract work to outside organizations or individuals? If so, you may be found to have incurred excessive pass-through charges, which could affect your recovery of a portion of your costs and related profit.Read More
The government has a responsibility to evaluate every bid, first of all, by the responsiveness of an offer of solicitation. This is a very technical process of making sure the paperwork you’ve submitted conforms to all the essential requirements of the solicitation. This means exact conformance to all the specifications, drawings, descriptions and standards, as…Read More
Does your U.S. Government contract include requirements for you to obtain competition for goods and services acquired in the performance of your contract? The U.S. government pursues full and open competition in its acquisitions to the maximum extent possible. There are also requirements in many prime contracts for the prime contractor to do the same.Read More
If your U.S. government contract or subcontract contains requirements for a Small Business Subcontracting Plan, you have contractually agreed to maintain specific records for subcontracts resulting in an award of more than $150,000 when acquiring goods and services in performance of the contract.Read More
Are you making the correct selections for Cost Accounting Standards coverage when responding to U.S. government contract or subcontract requests for proposals (RFPs)? It is not uncommon to inadvertently make the wrong selections.Read More
Do you have U.S. government cost-reimbursable or time-and-materials contracts, task orders or delivery orders that are physically complete awaiting audit and establishment of indirect rates for your final fiscal year of contract performance? If so, you may qualify for use of quick-closeout procedures.Read More
Do you have approved provisional billing rates for your interim billing and financing on your U.S. government contracts? The contract clause in the Federal Acquisition Regulation (FAR) 52.216-7, Allowable Cost and Payment, is included in your cost reimbursable contracts. Paragraph (e) of this clause provides that:Read More
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