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New OCI Rule Contains Big Changes

SmallGovCon

Congress would really like the FAR to focus on additional examples Definitions. the FAR must update definitions related to specific types of organizational conflicts of interest, including unequal access to information, impaired objectivity, and biased ground rules. Definitions. The entire law, however, was less than two pages.

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Contractor’s dispute over cost-accounting standards has roots dating back 17 years

Federal News Network

Sikorsky Aircraft and the Defense Department have been arguing in court for the past 17 years, over the company’s compliance with cost-accounting standards. So, what happens, if you’ve got a contract that’s subject to the full cost accounting standards, you have to submit a disclosure statement. Zach Prince Yes.

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Coming to a contract protest near you, loser pays legal fees

Federal News Network

It calls on the Defense Department and the Government Accountability Office to develop a plan to test a novel idea: having companies that lose bid protests to repay DoD for legal costs. Chris Griesedieck: Yeah, I mean, it’s definitely an ebb and flow, I would say. Chris Griesedieck: Right.

Contract 105
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Changing from QuickBooks to a Government Contract Accounting System

Redstone Government Consulting

QuickBooks is considered a government-compliant accounting system and can definitely get the job done for a lot of small government contractors. However, there may come a time when you need to change your accounting system to something that is designed with government contractors in mind.

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Cost Accounting Standard (CAS) 418 – Allocation of Direct and Indirect Costs

Redstone Government Consulting

FAR 31.202 and FAR 31.203 give a basic definition of each, but little else. Basic Requirements This standard vastly expands on the FAR requirements related to direct and indirect costs. CAS 418 provides guidance on accumulating indirect cost pools, including service centers and overhead costs.

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Why Identifying Commercial Items at Your Organization is Key

Redstone Government Consulting

If you are selling products/services under FAR 15 based contracts or subcontracts, submitting certified cost and pricing data and documenting other accounting and purchasing requirements that come along with it, when the products/services technically meet the definition of commercial under the FAR – it may be time to rethink your approach.

Price 105
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EU starts automatically registering imports of products subject to anti-dumping and anti-subsidy investigations

Import and Trade Remedies

Companies caught up in anti-dumping and anti-subsidy investigations are thus well advised to take into account the risk that duties are imposed retroactively for imports made prior to the entry into force of provisional duties.

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