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ASRC Federal Wins $500M Navy IPV Generation IV Material Management Support IDIQ

GovCon Wire

ASRC Federal has won a potential 10-year, $500 million contract from the Defense Logistics Agency to provide hardware and material management support for three Navy Fleet Readiness Centers and 13 satellite locations.

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Jim Blastos Assumes Supply Chain Management VP Role at Austal USA

ExecutiveBiz

Jim Blastos , formerly vice president of global supply chain at Autocar Trucks, has been named VP of supply chain management at Austal USA. He will oversee procurement, strategic sourcing, warehousing, logistics, material management and production control, the shipbuilder said Monday.

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Pratt & Whitney Books $702M Navy Award for Continued F135 Engine Support Services

GovCon Wire

The contractor will perform recurring sustainment, program management, propulsion integration, engineering, material management, configuration management, software sustainment, security management,

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Taking Care of Business (Systems): DoD Proposes to Change the Definition of a Business System Deficiency 

Government Contracts Legal Forum

The National Defense Authorization Act (NDAA) for Fiscal Year (FY) 2011 requires that the DFARS business systems clauses implement criteria for contractors’ accounting, cost estimating, material management & accounting, earned value management, purchasing, and property management systems.

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Cost Accounting Standard (CAS) 411 – Accounting for Acquisition of Material Cost

Redstone Government Consulting

CAS 411 provides criteria for accounting for the measurement and assignment of material costs to cost objectives and follows generally accepted accounting principles (GAAP). If you don’t have contracts subject to full CAS, then FAR 31.205-26 Material costs requires contractors to implement GAAP when accounting for material.

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What Policies and Procedures Should a Government Contractor Have?

Redstone Government Consulting

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.