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GAO Rejects EY Protest Over $108M DOD Accounting Deal

Government Contracts

Government Accountability Office has denied Ernst & Young LLP's protest over a $107.8 million accounting services deal in support of U.S. Transportation Command, awarded to KPMG LLC, finding that the agency reasonably evaluated both companies' proposals.

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GAO Decision Highlights Agency’s Evaluation of Mentor-Protégé Joint Venture

Discussions & Clarifications

A recent Government Accountability Office (“GAO”) decision highlights the Small Business Administration’s (“SBA”) regulations relating to agency evaluations of a mentor-protégé joint venture’s past performance and experience, including under the SBA’s joint venture workshare rule.

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Understanding the Importance of a DCAA Approved Accounting System

Capital Edge Consulting

In government contracting, maintaining a DCAA-approved accounting system is crucial. The Defense Contract Audit Agency (DCAA) enforces strict guidelines to ensure that contractors’ accounting systems meet the standards required for compliance. Key Takeaways: Overview of DCAA Approved Accounting System essentials.

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GAO Backs Navy's Cost Realism Evaluation For Support Deal

Government Contracts

Government Accountability Office denied a joint venture's protest of a U.S. Navy decision to tap a competitor for an operations support deal in the Philippines, saying the protest was based on a misunderstanding of cost realism evaluation requirements.

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2024 NDAA will Update DFARS to Require Evaluation of Small Business Affiliate Past Performance

SmallGovCon

The 2024 NDAA is directing quite a change in past performance evaluations for offerors in Department of Defense acquisitions. The post 2024 NDAA will Update DFARS to Require Evaluation of Small Business Affiliate Past Performance first appeared on SmallGovCon - Government Contracts Law Blog.

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How credit unions can evaluate their FFIEC, NCUA cyber compliance using AWS

AWS Public Sector

This blog post outlines how credit unions can use AWS to evaluate their compliance with Federal Financial Institutions Examination Council (FFIEC) and National Credit Union Administration (NCUA) requirements. Figure 1 features a high-level architecture for evaluating workloads for FFIEC and NCUA compliance.

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Cost Accounting Standards - What Contractors Need to Know

Capital Edge Consulting

Two Quick Ways to Fail DCAA T imekeeping Requirements The federal government is the biggest purchaser of goods and services, so it's important that you have a good grip on your accounting practices. DCAA’s position, as in other cost accounting practices, is that “if it isn’t documented, it didn’t happen.”