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Cost Accounting Standard (CAS) 420 – Accounting for IR&D Costs and Bid & Proposal B&P Costs

Redstone Government Consulting

Cost Accounting Standard (CAS) 420 outlines accounting standards for Independent Research and Development (IR&D) and Bid & Proposal (B&P) costs incurred by government contractors, ensuring consistent and transparent reporting.

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Should Bid Protest Losers Pay?

Inside Government Contracts

Section 804 of the House-enacted version of the National Defense Authorization Act for Fiscal Year 2024 would establish a “loser pays” pilot program to require contractors to reimburse the Department of Defense for costs incurred in “processing” bid protests that are ultimately denied by the Government Accountability Office.

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5 Takeaways: GAO Bid Protest Annual Report to Congress for FY 2024

Discussions & Clarifications

On November 18, the Government Accountability Office ("GAO") released its much-anticipated Bid Protest Annual Report to Congress for Fiscal Year 2024 , which was submitted to Congress on November 14. 1] Government contractors and other industry professionals that become familiar.

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Accounting software keeps small business out of federal market

Federal News Network

Interview Transcript: Tom Temin For someone that went through the trouble of finding government opportunities, deciding they want to do this and then bidding and winning, what should they have in place already to be able to fulfill a contract that is unique and different from what is normally expected in the private sector? Jim Wesloh Yes.

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GAO’s 2023 Bid Protest Report: More Than Meets the Eye

GovCon & Trade

On October 26, the Government Accountability Office (GAO) sent its annual bid protest report to Congress, which reflected a dramatic increase in protests filed following four straight years of decline. The report provides important insights into the current state of GAO bid protests.

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GAO Finds VA Rightly Canceled Too-High 'Wander System' Bid

Government Contracts

Government Accountability Office backed a U.S. Department of Veterans Affairs decision rejecting a lone bid that came in at more than double the agency's budget for a wander management system at a medical center in Fresno, California.

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Bid Protest Minute: GAO’s Task Order Jurisdiction

GovCon & Trade

On December 21, the Government Accountability Office (GAO) dismissed a protest by ELS, an unsuccessful bidder on a Department of Defense (DOD) task order opportunity, concluding that it did not have jurisdiction to consider it. If you have any questions about GAO jurisdiction or the bid protest rules, please contact the author.

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