The Truth Behind Truth in Negotiations Requests
Several of our clients have recently received letters from their local Defense Contract Audit Agency (DCAA) offices requesting specific information on their government contract awards, which has raised concern because the letters do not disclose DCAA’s purpose, need or intended use of the information requested. Moreover, it is unlikely that contractors have ever seen this specific request in the past.
Read more for some insight on Truth in Negotiations Requests.
5 Ways to Prep for the Audit While Preparing the Incurred Cost Proposal
DCAA Audits of GovCon Business Systems – Risk Mitigation Strategies
The Defense Contract Audit Agency (DCAA) recently indicated as a 2019 agency initiative a significant increase in their 2019 audit efforts around contractor business systems. Under this 2019 initiative, the accounting system will be the primary focus with a planned audit activity of nearly 1,000 audits
The following five key strategies are critical risk mitigation measures to enhance the likelihood of the government determining contractors’ business systems adequate and reduce contractors’ related compliance risks.
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Capital Edge Consulting combines their unique backgrounds and experience in consulting, public accounting, industry, and DCAA to provide you with unmatched government contracting expertise. Our consultants have more than 100 years of experience providing government contractors with a wide variety of services, from strategic planning to contracts management. This breadth of specialized experience enables us to provide the exact services and level of expertise you need to succeed.
In addition to providing our clients with unsurpassed services, our team is dedicated to sharing their experience and knowledge through thought leadership initiatives. This can be found through a variety of publications, blog posts, our newsletter, whitepapers as well as On Demand and live webinars with our partners.
Capital Edge consultants combine their unique backgrounds and experience in consulting, public accounting, industry, and DCAA to provide you with unmatched government contracting expertise.
This breadth of specialized experience enables us to provide the exact services and level of expertise you need to succeed. We’ve worked with government contractors ranging in size from startup to Fortune 100 companies in industries such as manufacturing, nuclear energy, professional services, biotech/pharmaceuticals, defense, and software. These companies work with a vast array of federal agencies.
Our clients range from Fortune 100 businesses to small, startup companies and work with a vast array of federal agencies
There are many challenges a contractor faces when moving from the commercial marketplace to the government market—such as space contractors that launch and manage satellites for communication and global positioning. We have helped many companies make this transition successfully. For example, demonstrating commercial pricing becomes difficult if the product or service the contractor is offering is close to—but not the same—product or service offered to the commercial marketplace. In these instances, we have been able to help the contract use “of a type” logic to substantiate the price offered to the government.
Increases in health care spending and life science research funding are accompanied by increases in government oversight. This additional oversight—combined with expanded rules, regulations and standards—is causing these industries to become sensitive to the need to comply with applicable regulations to avoid penalties and fines. At Capital Edge, we’ve worked with health care providers, pharmaceutical and biotech companies serving the military and research markets through programs such as Tricare, with those serving the Centers for Medicare and Medicaid Services, and Bioshield, thru the Biomedical Advanced Research and Development Authority and the Defense Threat Reduction Agency. We understand the specialized requirements of these agencies—and know how to position contractors to help them execute their contracts successfully.