Redstone Government Consulting

OCTOBER 30, 2024

Material costs can either be charged direct to a contract or assigned to contracts through inventory accounts. Material that is charged direct should be identified on the purchase order and material assigned through an inventory account should be consistently applied by category of material.

Accountability 75

Accountability Inventory Purchasing Contract 75

Government Contracts Legal Forum

JULY 10, 2024

The Department of Defense (DoD) recently announced that it seeks public comments on a proposed change to the contractor business systems regime. The clauses allow the government to temporarily withhold payment on a covered contract if a significant deficiency in a business system is identified.

Internal Control 52

Internal Control Material Management Accountability Purchasing 52

Redstone Government Consulting

NOVEMBER 6, 2023

If this were only a simple question. The most straightforward answer is that it is a good idea for any company to have policies and procedures. If that company is going to do business with the US Government those policies and procedures are going to have to be expanded as each contract may present additional requirements.

Government 52

Government Government Contract Material Management 52