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THE LATEST GOVCON UPDATES

Capital Edge is dedicated to sharing their experience and knowledge through thought leadership initiatives, and the latest news and updates. Visit us here for regular updates relative to Government Contracting.

Treats for Troops/Soldiers’ Angels – Volunteer Initiative

“One of the secrets of a happy life is continuous small treats.” ~Iris Murdoc If you are looking to clear out an overabundance of sweets from Halloween, please consider donating.  Candy will be accepted in our location on weekdays from Friday, November 1, 2019 – Friday, November 8, 2019. 8200 Greensboro Park Concierge Desk 1st

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Many Hands Nicu Quilts

NICU Quilt – Volunteer Initiative

“A baby is as pure as an angel and as fresh as a blooming flower.” ~Debasish Mridha Our own Jennifer Rettelle visited the Birthing Inn at INOVA Loudoun Hospital in September to donate baby quilts.  As an avid quilter, she handmakes quilts will be used for preemie and sick babies who are admitted to the

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Capital Edge Consulting Announces the Promotion of Several Employees to Senior Leadership Positions

Government Contract Consulting firm, Capital Edge Consulting, Inc., Celebrates Recent Promotions McLean, VA – September 25, 2019- Capital Edge Consulting, Inc., a national consulting firm that specializes in helping federal government contractors solve compliance and regulatory complexities, announces the promotion of several key employees within the company. “Capital Edge Consulting is very pleased to announce

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Inc 5000

Capital Edge Consulting Makes Inc. 5000 List of America’s Fastest-Growing Private Companies for the Fourth Year

Leading Government Contract Consulting Firm moves up almost 100 Ranks on Inc. 5000 List of America’s Fastest-Growing Private Companies McLean, VA, September 12, 2019 – Capital Edge Consulting, a nationwide consulting firm that specializes in helping federal government contractors solve complex business problems, is pleased to announce that it has ranked as one of the

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Back-to-School Drive – Volunteer Initiative

Helping kids start the school year off strong Benjamin Franklin once said, “An investment in knowledge pays the best interest.”  Supporting students with the essentials gives them the stepping stones they need to focus on the year ahead. Capital Edge team members are supporting local students by volunteering time to prepare a drop-off location to

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Paul Bailey NDIA Award

Partner, Paul M. Bailey, recipient of the National Defense Industrial Association (NDIA) Procurement Division’s prestigious Howard H. Cork Memorial Award

  Capital Edge Partner, Paul M. Bailey, recipient of the National Defense Industrial Association (NDIA) Procurement Division’s prestigious Government Contracting Industry Howard H. Cork Memorial Award   McLean, VA–July 23, 2019 – Capital Edge Consulting, Inc., a global consulting firm that specializes in helping federal government contractors solve complex business problems, is pleased to announce

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Visit to Jacobs House Orphanage in Korea – Volunteer Initiative

Our team members Anthony Kim, Ben Sedelmeier and Jon Bencivenga visited the Jacobs House Orphanage in South Korea with clients. During the visit, they provided clothing, snacks, toys, and other greatly needed supplies.  Most importantly, the team spent the afternoon interacting with the children. “Anthony without a doubt took first place for the most popular

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The Defense Contract Audit Agency’s Fiscal Year 2018 annual Report to Congress

Report to Congress on FY 2018 Activities Defense Contract Audit Agency U.S. Department of Defense Released

NEWS:  The Defense Contract Audit Agency’s  – DCAA – Fiscal Year 2018 Annual Report to Congress, as required by 10 U.S.C. §2313a has been released DCAA Summary: This report highlights DCAA’s audit performance, recommendations to improve the audit process, industry outreach activities, and key accomplishments. As a result of DCAA audits, contract officials saved $3.2

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Government Contract Acronyms Resource Sheet

Our Experts know Government Contracting regulations can be difficult to manage, but terminology should not be. The GovCon industry uses a lot of acronyms so our team put together some of the most used terms as a quick resource. Below are some of the most common acronyms and we created a printable document to keep

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Care Packages for Deployed Soldiers- Volunteer Initiative

Our team member Amanda Eubanks and her daughter have been involved in an ongoing initiative of assembling care packages for deployed service men and women. The program recently worked with Piney Grove Middle School and DeSana Middle School as part of their “Give Back Days”.  The students, parents, and teachers do an amazing job of

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DCAA UPDATE: Expressly Unallowable Costs – newly issued MRD

DCAA MRD: Expressly Unallowable Costs – newly issued MRD updating DCAA’s view of expressly unallowable costs. Guidance is largely the same as issued 4 years ago with new specific references to a few recent Raytheon cases. A few observations – I) many of the cost principle excerpts include conditional language; i.e., the costs are not

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Soldiers’ Angels – Baby Brigade – Volunteer Initiative

Our team members Jennifer Rettelle and Renata Walsh are regular supports of Soldiers’ Angels – Baby Brigade, formerly called Operation Top Knot.  This team of Angel volunteers from across the country provide virtual baby showers for military families to help ease the emotional and financial stresses of military life. Due to the difficulty of deployments

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ICs graphic

5 Ways to Prep for the Audit While Preparing the Incurred Cost Proposal

5 Ways to Prep for the Audit While Preparing the Incurred Cost Proposal Jennifer Rettelle, Director of Operations | Capital Edge Consulting, Inc. The requirement to submit a final indirect cost rate proposal, more commonly referred to as the Incurred Cost Proposal or Incurred Cost Submission (ICS) is contained in FAR clause 52.216-7(d)(2)(i) – Allowable

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FPS

Capital Edge Announces Sponsorship of Federal Publications Seminars Premier Weeklong Conferences

Capital Edge Continues Commitment to Educating Government Contractors through Sponsorship of Federal Publications Annual Premier Weeklong Conferences McLean, VA – May 06, 2019 – Capital Edge Consulting, Inc., a global consulting firm that specializes in helping federal government contractors solve complex business problems, is pleased to announce company sponsorship of Federal Publications Seminars premier conferences

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Honor Flight – Volunteer Initiative

An Honor Flight is conducted by non-profit organizations dedicated to transporting as many United States military veterans as possible to see the memorials of the respective war they fought in Washington, DC, at no cost to the veterans. Mail Call is a special surprise for the Veterans who fly on the Honor Flight! Mail Call

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The Wish Project – Volunteer Initiative

The Merrimack Valley communities have some of the highest poverty rates in the state, according to the National Low Income Coalition Out of Reach study – Massachusetts ranks sixth as the most expensive state for renters. Even for a two income family, obtaining household goods is a daunting task under these conditions, for an at-risk family

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GSA picks Ernst and Young to phase out the DUNS number

Written by Billy Mitchell MAR 19, 2019 | FEDSCOOP The government is moving to a new provider to validate and track its business with contractors and other parties. The General Services Administration awarded a $41.75 million contract to Ernst and Young LLP for up to five years of entity validation services for the federal award process through GSA’s System

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NCMA Boston Annual March Workshop

Capital Edge Continues Sponsorship of the National Contract Management Association’s Boston Chapter March Workshop

Capital Edge Continues Commitment to Educating Contract Management Professionals through Sponsorship of 58th Annual NCMA Boston Chapter Workshop McLean, VA – March 5, 2019 – Capital Edge Consulting, Inc., a global consulting firm that specializes in helping federal government contractors solve complex business problems, is pleased to announce company sponsorship and session training for the

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NNEMA Food Pantry – Volunteer Initiative

Capital Edge continued the Many Hands Make an Impact Program  supporting NNEMAP Food Pantry Team members Samantha, Michelle, Ray and Lana supported NNEMAP Food Pantry, serving neighbors on the near north side of Columbus, Ohio in a team activity on February 27th, 2019. As a member agency of the Mid-Ohio Food Bank, NNEMAP’s primary focus

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Hill AFB’s FARSite to go away on October 1, 2019

Big news in the hashtag#govcon world: Hill AFB’s FARSite to go away on October 1, 2019. It’s been accessed online more than 2.3 billion times since its launch in mid-1996.  But on Sept. 30th of this year, it will be retired. The “it” is the popular and functional FARSite search engine, maintained by Hill Air Force Base

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Capital Edge Launches New Initiative – Many Hands Make an Impact

Capital Edge continues commitment to Individual and corporate sponsored volunteerism in the communities where team members live and work McLean, VA – February 11, 2019 – Capital Edge Consulting, Inc., a global consulting firm that specializes in helping federal government contractors solve complex business problems, recently announced their company 2019 volunteer initiative – Many Hands

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Government Accountability Office (GAO)

GAO Release: Recommendation to monitor and ensure contractor business system reviews are conducted in a timely fashion.

CONTRACTOR BUSINESS SYSTEMS: DOD Needs Better Information to Monitor and Assess Review Process GAO-19-212: Published: Feb 7, 2019. Publicly Released: Feb 7, 2019. The U.S. Government Accountability Office (GAO) is an independent, nonpartisan agency that works for Congress. Often called the “congressional watchdog,” GAO examines how taxpayer dollars are spent and provides Congress and federal agencies

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DCAA Audits of Government Contractor Business Systems

DCAA Audits of Government Contractor Business Systems – Key Risk Mitigation Strategies to Promote an Adequacy Determination Craig Stetson, Partner | Capital Edge Consulting, Inc. 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. The DCAA’s renewed focus on

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Loudoun Hunger Relief – Volunteer Initiative

Capital Edge opened the Many Hands Make an Impact Program with an initiative supporting Loudoun Hunger Relief. Team members Bob, Karen, and Jennifer supported Loudoun Hunger Relief and packed bags of perishable and non-perishable food for 200+ families at a pop-up market on January 24, 2019.  This market is open to support people impacted by

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Section 809 Panel,

The 809 Panel January 2019 Report Released

The 809 Panel released yesterday their final report Volume 3 of the Final Report represents the culmination of more than 2 years of collective brainstorming, engagement, and intense research about how to change defense acquisition from an outdated, industrial bureaucracy to a more streamlined, agile system able to evolve in sync with the speed of

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DCAA Update

Business Systems Compliance for 2019

Business Systems Compliance Update for 2019 – the DCAA indicated recently a current initiative to significantly increase their audit efforts in 2019 of contractor business systems (accounting, estimating and MMAS). 2018 Reports showed the following data for Business Systems Audits: Accounting Systems: 447 MMAS: 7 Estimating: 11 2019 Planned Business Systems Audits: Accounting Systems: 995

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DoD Class Deviation Issued On Use of Fixed-Price Contracts

SUMMARY: Award of cost-reimbursement contracts exceeding $50M now requires the head of contracting activity approval. Further, this threshold decreases to $25M applicable to contracts awarded on or after October 1, 2019. We would expect further guidance on the implementation as related to options, mods, IDIQ TOs / DOs, etc. SUBJECT: Class Deviation-Use of Fixed-Price Contracts Effective

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Compliance Roundup – What Government Contractors Should Know – Compliance Updates to be aware of now and through 2018

Compliance Roundup – What Government Contractors Should Know – Compliance Updates to be aware of now and through 2018 Craig Stetson, Partner with Capital Edge Consulting, Inc. Various federal agencies during the first half of 2018 have issued final and proposed rules or agency direction related to regulatory compliance requirements associated with U.S. federal government

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2018 Government Contract Accounting and Regulatory Update October 17-18, 2018

The Capital Edge Team invites you to the 2 for 1 Registration – 2018 Government Contract Accounting and Regulatory Update October 17-18. Register online and bring a colleague free. Reference promo code 2FOR1ARU2018.  October 17-18, 2018 The Westin Washington D.C. City Center Washington, DC $495 for two registrations!!!! *Register now and bring a colleague at no charge. Reference

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UPDATE – Performance-Based Payments and Progress Payments (DFARS Case 2017-D019)

UPDATE to Proposed Rule by Defense Acquisition Regulations System on 09/10/2018 Performance-Based Payments and Progress Payments DFARS Case 2017-D019 Due in large part to the opposition voiced by Contractors and Industry Associations, the Department of Defense has rescinded the Department of Defense’s (DoD) supplement to the Federal Acquisition Regulation (DFARS) proposed rule that would have brought significant change

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12 Essentials to a Successful DCMA Contractor Purchasing System Review

12 Essentials to a Successful DCMA Contractor Purchasing System Review By Stephen ‘Chase’ Kunk, J.D. – Vice President, Contracts & Procurement The Defense Contract Management Agency (DCMA) has defined the Contractor Purchasing System Review (CPSR) Group’s mission – “Ensure that [Government] suppliers’ have purchasing systems in place that contribute to effective subcontract management. Effective subcontract management

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Section 809 Panel,

The 809 Panel June 2018 Volume 2 Report Released

The 809 Panel released June Volume 2 Report This Volume 2 Report builds on the Section 809 Panel’s previous policy recommendations by offering an introductory paper on the tenets of a viable defense acquisition system aimed at improving the existing over-managed system to more readily meet warfighter needs. This report represents an overview of the

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New System for Award Management (SAM) Registration

Important Notice Regarding New System for Award Management (SAM) Registration: The General Services Administration (GSA) has recently noted an increase in third-party fraudulent activity within SAM. GSA has launched an investigation into third-party registrations, deactivated affected SAM entity registrations, and advised the affected entities to validate their registration information in SAM, particularly their financial information

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Common Preparation Pitfalls with the Final Indirect Cost Rate Proposal

Common Preparation Pitfalls with the Final Indirect Cost Rate Proposal Each year, Capital Edge works with numerous companies either developing, assisting with, or reviewing their final indirect cost rate proposals. The requirement to submit a final indirect cost rate proposal, more commonly referred to as the “ Incurred Cost Proposal or Incurred Cost Submission (ICS)

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FY 2018 NDAA – House Section 874 (Engrossed)

FY 2018 NDAA – House Section 874 (Engrossed) Craig Stetson, Managing Director, CPA & Paul M. Bailey, Managing Director, CPA | Capital Edge Consulting, Inc.  The House version of the National Defense Authorization Act (NDAA) for fiscal year 2018 contains a provision (Section 874) to repeal contractors’ ability to utilize commercial auditors for purposes of

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FY 2018 NDAA Change to Procurement Thresholds

FY 2018 NDAA Change to Procurement Thresholds By Paul M. Bailey, CPA, Managing Director and S. Chase Kunk, J.D., Vice President, Contracts & Procurement On December 12, 2017, the 2018 National Defense Authorization Act (NDAA) was signed into law by President Trump. Title VIII of the NDAA contains many provisions designed to reduce burdensome regulation

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Section 809 Panel Advisory Report – Section 2 – Contract Compliance and Audit

What was Reported? The Section 809 Advisory Panel, established under Section 809 of the National Defense Authorization Act (NDAA) for Fiscal Year 2016, issued January 31, 2018, their Volume 1 of 3 Report of the Advisory Panel on Streamlining and Codifying Acquisition Regulations (Report). The eight-section Report addresses various aspects of the Department of Defense (DoD) acquisition process

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Section 809 Panel,

The 809 Panel January 2018 Volume 1 Report Released

The 809 Panel released  Volume 1 Report THE SECTION 809 PANEL’S VOLUME 1 REPORT is the first of three volumes and continues the panel’s mandate for making recommendations to streamline acquisition. To date, the efforts of the panel have proven highly productive, and outreach efforts continue to generate hundreds of ideas for improving acquisition that

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Section 809 Panel,

The 809 Panel January 2018 Report Released

The 809 Panel released yesterday their Volume 1 Report THE SECTION 809 PANEL’S VOLUME 1 REPORT is the first of three volumes and continues the panel’s mandate for making recommendations to streamline acquisition. To date, the efforts of the panel have proven highly productive, and outreach efforts continue to generate hundreds of ideas for improving

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PSC Highlights Impact on Contractors as FY18 NDAA is Signed into Law

December 12, 2017 Arlington, V.A. (Dec. 12, 2017) – PSC today welcomed the president’s signing of the Fiscal Year 2018 National Defense Authorization Act (NDAA), which authorizes national security funding, provides policy direction, and significantly changes rules governing how contractors provide services and ensure mission success for the Department of Defense. “The FY18 NDAA has a

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Section 809 Panel,

The Section 809 Panel Overview Resource

The Section 809 Panel was established by Congress in the FY 2016 NDAA to address issues with the way DoD buys what it needs to equip its warfighters. Since its inception, the panel has published an Interim Report and three-volume Final Report, containing a total of 98 recommendations aimed at changing the overall structure and

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New Proposed Rule by the Veterans Affairs Department to revise or remove any policy that has been superseded by changes in the Federal Acquisition Regulation (FAR)

Revise and Streamline VA Acquisition Regulation To Adhere to Federal Acquisition Regulation Principles SUMMARY: The Department of Veterans Affairs (VA) is proposing to amend and update its VA Acquisition Regulation (VAAR). Under this initiative all parts of the regulation are being reviewed in phased increments to revise or remove any policy that has been superseded

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GovCon Compliance Outlook: Sponsored Lunch and Learn Series

Join the Capital Edge Consulting GovCon Experts for the JAMIS Software sponsored GovCon Lunch and Learn Series. Participants will explore current regulatory updates and challenges confronting government contractors. With a new year and administration, come new opportunities as well as challenges. In the government contract regulatory compliance environment, transparency of the contracting process has gained considerable importance

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Evaluating the Defense Contract Auditing Process

The Director of the DCAA and selected industry representatives testified April 6th in front of the House Armed Services Committee regarding the current state of the DoD contract auditing process, i.e., the DCAA.  Not surprisingly, the views of the DCAA and industry were quite opposing based on a read of the written testimony.  A high-level

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Procurement University

Join Federal Publications Seminars and Capital Edge Consulting for a webinar series designed to enhance your knowledge over an 8-month span. Purchase FPSOnline Subscription for $595 and Procurement University is included. Participate through interaction with instructors who are experts in their field. Each session is 90 minutes. Earn CPE credits if you attend the live sessions*

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Q1: Executive Actions and Regulatory Compliance Requirements Update

Quarterly Update – Executive Actions and Regulatory Compliance Requirements Craig Stetson, Managing Director | Capital Edge Consulting | March 2017  The government has issued several rules (final, interim, and proposed) within the last few months, related to a variety of regulatory compliance requirements associated with U.S. federal government contracts. The Federal Acquisition Regulation Council (FAR

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Report-10 Fastest Growing Areas in Government Contracting

Leading commerce intelligence in business-to-government (B2G) Onvia, released the third edition of its annual “10 Hotspots in Government Contracting” research ranking the fastest areas of growth in government contracting. Key Drivers: Efficiency, Safety, Functionality and Compliance Stimulate Demand Within the dynamic $2 trillion B2G marketplace, spending from state, local and education (SLED) agencies reaches around

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CPSR 360: Part Two–Newsworthy CPSR Updates

CPSR 360: Two-Part Series – Part Two –Newsworthy CPSR Updates By: Chase Kunk, Vice President, Contracts & Procurement and Michael Carter, Senior Consultant In December 2016, we released CPSR 360: Part One – Insights from Our Recent CPSR Experiences, which outlined several high-risk procurement file documentation areas we continue to see are a challenge for

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CPSR 360: Part One of a Two-Part Series 

CPSR 360: Two-Part Series  –  Part One – Insights from Our Recent CPSR Experiences Part Two (Coming Soon!) – Other Newsworthy CPSR Updates By: Chase Kunk, Vice President, Contracts & Procurement and Michael Carter, Senior Consultant The Defense Contract Management Agency’s (DCMA) Contractor Purchasing System Review (CPSR) Group continues to remain highly active in their

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Contractor Purchasing System Review (CPSR) Expertise

Capital Edge Consulting CPSR experts have considerable industry and consulting experience in supporting organizations through the CPSR process. Our approach to purchasing system compliance has always been “one size does NOT fit all”; rather, make the public laws and regulatory requirements work for your business model and processes. This practical approach has become the cornerstone

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DOD Issues Final DFARS Rule on Network Penetration and Cloud Computing

WHAT: The Department of Defense (DOD) has adopted a final rule amending the Defense Federal Acquisition Regulation Supplement (DFARS) to require covered contractors to implement certain cybersecurity safeguards and report data breaches within 72 hours, adopting NIST SP 800-171 as the baseline for covered information system security requirements, and standardizing security requirements for cloud-based services.

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Portion of Fair UPATE: Pay and Safe Workplaces Executive Order Blocked

As posted by: jdsupra.com/Hinshaw & Culbertson LLP 2016 On Tuesday of this week, a federal judge in Texas granted a nationwide preliminary injunction blocking the portions of President Obama’s “Fair Pay and Safe Workplaces” Executive Order. That order, signed in 2014 and scheduled to take effect on October 25, 2016, has three discrete parts, each described as

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NASA – Processing of Public Vouchers

Interim NASA rule, effective September 14, 2016, revising request for payments under public vouchers submitted under cost reimbursement contracts (https://www.federalregister.gov/documents/2016/09/14/2016-22046/nasa-federal-acquisition-regulation-supplement-revised-voucher-submission-and-payment-process-nfs). As the DCAA is currently prohibited from performing audit services for non-DoD agencies under the provisions of the 2016 NDAA, NASA contractors are now required to submit public vouchers (electronically is preferred) directly to the

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DPAP Guidance – Commercial Items

A recent DPAP guidance memo was issued re commercial item and price reasonableness determinations (see http://law.pubkgroup.com/wp-content/uploads/sites/6/2016/09/DPAP-Guidance-on-Commercial-Item-Determinations-and-the-Determination-of-Price-Reasonableness-for-Commercial-Items.pdf). The underlying objective of the guidance appears to focus on movement towards timely and consistent determinations made within the Agency related to same or similar purchases made throughout the Agency. This initiative of consistency is in transition, and, in the

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Federal Contractors Now Subject to “Basic Safeguarding” Cybersecurity Requirements

As of June 15, 2016, the US Department of Defense (DoD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA) will require federal government contractors to apply 15 basic cybersecurity safeguarding requirements and procedures to protect their information systems. These safeguarding requirements are based on the security requirements published by the National Institute

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DoD Launches Acquisition Regulations Advisory Panel

WASHINGTON — The Department of Defense today announced the creation of a new Advisory Panel on Streamlining and Codifying Acquisition Regulations, with the goal of finding ways to streamline the notoriously cumbersome Pentagon acquisition process. The panel, which was congressionally mandated under section 809 of the 2016 National Defense Authorization Act, will be led by Deidre

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GSA Schedule Contracts – Transactional Data Reporting

Professional Services Schedule IMPORTANT UPDATE: GSA to Launch Transactional Data Reporting (TDR) Pilot with Refreshed Solicitations and Mass Modifications for Professional Engineering Services. Craig Stetson, Director, Capital Edge Consulting The GSA posted guidance (https://interact.gsa.gov/document/important-update-gsa-launch-transactional-data-reporting-tdr-pilot-refreshed-solicitations) related to their final rule issued in June 2016.  The newly posted guidance, with three attachments included, addresses frequently asked questions

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Small Business Mentor-Protégé Program Expansion Updates

Small Business Mentor-Protégé Program is seeing expansion with additional classes of small businesses eligible to participate in the program. The 8(a) Business Development (8(a) BD Mentor-Protégé Program is designed to enable successful firms provide various forms of business development assistance to 8(a) BD Program Participants. The goal of the 8(a) BD Mentor-Protégé Program is to enhance

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Final Rule – Small Business Subcontracting Plans Effective November 1

Small Business Subcontracting Improvements on the way. Craig Stetson, Director, Capital Edge Consulting Final rule issued by the DoD, GSA and NASA July 14, 2016 to amend the FAR to add various improvements related to small business subcontracting (https://www.federalregister.gov/articles/2016/07/14/2016-16245/federal-acquisition-regulation-small-business-subcontracting-improvements).  These statutory amendments will affect prime contractor responsibilities on how they deal with subcontractors and report to

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Government Contract Cost Accounting System Resource

Government Contract Cost Accounting System-Adequacy and DCAA Compliance A pre-requisite to government contracting, particularly to a negotiated contracts is demonstrating an adequate cost accounting system. The need for a compliant accounting system depends on the contractor’s contract types and other contract-specific circumstances.  For example, a negotiated fixed price contract does not require an adequate accounting system, only

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When should a Federal Contractor be Registered in SAM.gov?

On May 20, 2016, the Government issued a proposed rule in the Federal Register requiring contractors to be registered in its System for Award Management (SAM) database (https://uscontractorregistration.com). Registration in SAM, including current representations and certifications, would be required prior to submission of an offer to the Government. The current regulations were viewed as being

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Webinar and Podcast- Keys to Successfully Answering the DCAA Knock at the Door!

In the current government contract regulatory compliance environment, transparency of the contracting process has gained considerable importance and visibility. This transparency directly affects government contractors’ compliance programs and impacts multiple areas of the business, including: Cost accounting, allowability, and allocation practices; Estimating and pricing practices; Business systems documentation and internal controls Accounting Purchasing Estimating Earned

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June 30th deadline is approaching-  Is your Incurred Cost submission Complete?

Government contractors take note!  For those government contractors who run on a calendar fiscal year, your contracting officer (CO) will be expecting your organization’s incurred costs submission (ICS)  by the  June 30th deadline. Contractors with cost reimbursable and time & material (“T&M”) contracts should start focusing on the submission of their incurred cost proposals, also known

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Blended Rates – Accounting Treatment Option for Employee Compensation Costs under Flexibly Priced Government Contracts

Craig Stetson, Director, Capital Edge Consulting The Bipartisan Budget Act of 2013, dated April 7, 2014 implemented a compensation limit of $487,000 applicable to new contracts awarded by all federal agencies on or after June 24, 2014 and subject to Federal Acquisition Regulation (FAR) Subpart 31.2.   The $487,000 limit is applicable to all contractor employees

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Keys to Successfully Answering the DCAA Knock at the Door!

Keys to Successfully Answering the DCAA Knock at the Door! by Craig Stetson, CPA, CGMA, MBA, Director and Terry Carlson, MBA, Managing Director Introduction In the current government contract regulatory compliance environment, transparency of the contracting process has gained considerable importance and visibility. This transparency directly affects government contractors’ compliance programs and impacts multiple areas

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New contracting rule targets confidentiality agreements with Federal Acquisition Regulation (FAR) ammendment

The federal government to crack down on contractor confidentiality agreements with a proposed amendment to the Federal Acquisition Regulation (FAR). DoD, GSA, and NASA are proposing to amend the Federal Acquisition Regulation (FAR) to implement a section of the Consolidated and Further Continuing Appropriations Act, 2015, that prohibits the use of funds, appropriated or otherwise

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Proposed Rule – Payments to Small Business Subcontractors

Proposed DoD, NASA and GSA Rule – Payments to Small Business Subcontractors Issued A proposed DoD, NASA and GSA rule ( https://www.federalregister.gov/articles/2016/01/20/2016-00950/federal-acquisition-regulations-far-case-2014-004-payment-of-subcontractors) was issued January 20th requiring prime contractors to notify in writing the contracting officer when payments are made late (greater than 90 days) or at reduced amounts to small business subcontractors. The proposed rule also covers

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GOVERNMENT CONTRACTOR BUSINESS SYSTEMS WEBINAR SERIES

Join Capital Edge Consulting with Federal Publications Seminars for the Government Contractor Business Systems 7-Part Webinar Series The Department of Defense (DoD) issued a rule in 2012 that requires contractors to have up to 6 adequate business systems in order to comply with government contract reviews and audits.  This webinar series provides an overview and

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Business Systems Webinar Series with Federal Publications Seminars

The Department of Defense (DoD) issued a rule in 2012 that requires contractors to have up to 6 adequate business systems in order to comply with government contract reviews and audits.  This webinar series provides an overview and an examination of the requirements for each business system.   Not sure if you should attend this webinar

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DoD Provides Government Contractors Grace Period

Department of Defense Provides Government Contractors Grace Period for Compliance with Key Cybersecurity Requirements By: Alexander W. Major with The National Law Review In response to industry concerns and comments, on December 30, 2015, the Department of Defense issued a new interim rule amending the Defense Federal Acquisition Regulation Supplement (DFARS) cybersecurity rules promulgated in

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Upcoming final FAR Rules – DoD, GSA, NASA

By Craig Stetson CPA, CGMA The FAR Council Semiannual Regulatory Agenda has been released.  This agenda identifies existing interim rules subject to final over the upcoming few months. Among the pending final rules is an adjustment to the cap related to allowable contractor employee compensation costs.  The final rule, slated for 1/00/16, will adjust the current $487,000

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Obama signs defense bill, approves buildup expenses

Guam Del. Madeleine Bordallo on Thursday announced President Barack Obama had signed the National Defense Authorization Act for Fiscal 2016, saying in a statement that the law’s investments to the military buildup and local infrastructure “are important milestones.” The law approves the following expenditures — nearly $272.3 million on military construction projects in Guam, and

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Japan official checks on Guam buildup

Japan’s Chief Cabinet Secretary Yoshihide Suga arrived Thursday afternoon for a two-day visit to follow up on the progress to relocate almost 5,000 Marines from Japan to a base that has yet to be built on Guam. More

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Guam gets $400M in budget

Guam will receive some $400 million in Department of Defense funds this fiscal year for civilian and military projects directly related to the buildup, according to Guam Delegate Madeleine Bordallo. The National Defense Authorization Act for Fiscal Year 2016, which includes the appropriations, was signed yesterday by President Barack Obama. The island government will realize

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