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Mastering Inflation: Navigating Fixed-Price Economic Price Adjustments in Government Contracts

Capital Edge Consulting

Labor is among the largest contract cost recorded to Government contracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. The following are subject matter areas that represent critical timekeeping internal controls.

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What is Enterprise BI? Everything You Need to Know

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. Importance of maintaining compliance with DCAA for government contracts.

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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. Importance of maintaining compliance with DCAA for government contracts.

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Government Contracts Cost and Pricing: The Truth in Negotiations Act, or Whatever the Kids Are Calling It These Days (Part 3)

Government Contracts & Investigations

5] Based on inter-agency agreements, this program includes contracts awarded by certain non-DoD agencies as well as DoD contracts. [6] 6] DCAA is authorized to examine contractor records related to proposals, discussions, pricing, and performance to evaluate the accuracy, completeness, and currency of cost or pricing data. [7]

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The Cost Corner: Government Contracts Cost and Pricing – Compensation for Personal Services (Part I)

Government Contracts & Investigations

9] Costs of compensation established under covered labor-management agreements are deemed reasonable unless the costs are “unwarranted” by the character and circumstances of the work or “discriminatory” against the Government. [10] 29] As a result, such compensation has a lower the audit risk.

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OMB Final Rule Rewrites the Uniform Guidance for Grants, Cooperative Agreements, and Other Federal Financial Assistance

Government Contracts Legal Forum

Additions to the Post-Award Requirements Regarding Sourcing 2 CFR 200.317 allows Tribal Government recipients to use their own internal procurement standards rather than complying with federal procurement standards prescribed in 2 CFR 200 200.318 through 200.327. View the full article

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Criminal Enforcement Considerations for Gov’t Contractors

Government Contracts Legal Forum

Government contractors are not only vulnerable to the risks of employee misconduct that can arise in any commercial business, but are also exposed to additional risks in areas unique to government contracting. Internal reporting and a “see something, say something” culture are key to any effective compliance program.