What Do You Know… about Indirect Rates?
GovCon Job Cost Accounting requires segregation of direct costs (for one particular Job – which can be a project or a contract) from indirect expenses …
CONTRACT CLAIMS: Non-receipt for Extra Scope
My definitional difference between the hands-on workers (e.g., Project Manager, Chief Engineer) and the administrative workers (e.g., Contract Administrator, Accounting Manager) in your company is …
SUBCONTRACT ADMINISTRATOR: Small Business Subcontractor Accounting
Did you know that, when your company hires a subcontractor, your company – not your customer (or the federal government) – is obligated to verify …
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What Do You Know… About Accounting Systems?
Put on your “administrative operations” thinking cap. Test your reasoning and logic skills from a federal government reviewer’s viewpoint. Ponder these! 1. The billing for …
DCAA Accounting
Organizations that sell on contract to the federal government (Government) label regulatory or DCAA compliant Accounting Systems by many names. They all express the same …
Overhead Versus G&A Versus ICR Versus Other Indirect Expenses
Your company may structure indirect pools, bases, and rates in any way it wishes. Every company is unique. Executive management of your company knows the …
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What Do You Know about GovCon?
Companies with contracts and subcontracts funded by the federal government survive more administrative hoops than suppliers in a competitive-only market. To meet Terms and Conditions …
Contractor Purchasing System Review (CPSR)
Why should a small business care whether their purchasing practices, inter-departmental operations, and whole procurement function are in compliance with the FAR and applicable supplements …
Incurred Cost Submission
An incurred cost submission demonstrates that flexibly priced contracts with the Department of Defense and, often, other U.S. Government agencies are not over-billed. Contracts (encompassing …
FAR Compliance
Contracts funded by the U.S. Government are subject to the Federal Acquisition Regulations (FAR). Whether a prime contract, subcontract, or grant (or cooperative agreement), FAR compliance is …