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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.
CLICK TO VIEW: REGULATORY UPDATES AMIDST THE CURRENT ENVIRONMENT FOR GOVERNMENT CONTRACTORS
What is a DCAA Floor Check and How Does It Impact You?
What to Know Labor is among the largest contract cost recorded to Government contracts. In many cases, they are the most significant; therefore, the Government invests significant audit effort monitoring these costs. A floor check is DCAA’s method of “…verifying the existence of employees…” and determining whether adequate timekeeping practices and controls related to timekeeping
DCAA’s New Contractor Submission Portal
Insight by: Marie Salamone, Director September 29, 2020 DCAA’s New Contractor Submission Portal (CSP) for contractors to submit their certified incurred cost submission (ICS) or incurred cost proposal (ICP) announced. On Tuesday, September 29, 2020, the Defense Contract Audit Agency (DCAA) issued MRD 20-OTS-005(R), which provided guidance to DCAA’s Field Audit Offices (FAOs) for the official
Department of Defense – DoD Releases Revised Section 3610 Guidance
The Department of Defense (DoD) released two-class deviations on August 18, 2020, mandating revised agency-wide guidance and instruction applicable to the evaluation of contractor requests for reimbursement under Section 3610 of the CARES Act. What do these class deviations mandating revised agency-wide guidance and instruction mean? These two class deviations provide DoD contracting officers a
CAS Flowchart
CAS Coverage and Disclosure Statement Requirements Marie Salamone and Teresa Christy recently taught Procurement U – Session 4: CAS Part 1 through Federal Publications Seminars. Part of this class explores: How to identify if a contract is subject to Cost Accounting Standards (CAS); The types of CAS coverage (full CAS coverage vs. modified CAS coverage );
OMB UPDATE: Extension of Administrative Relief for Recipients and Applicants of Federal Financial Assistance
Administrative Relief from the Office of Management and Budget Update. Extension of Administrative Relief for Recipients and Applicants of Federal Financial Assistance Directly Impacted by the Novel Coronavirus (COVID-19) due to Loss of Operations On March 19th, 2020 OMB Issued Memorandum M-20-17 which provided short term relief regarding the administrative, financial management, and audit requirements
DCAA Audits During the COVID-19 Pandemic
DCAA Audits During the COVID-19 Pandemic Shelter in Place Subject Matters to Consider By Norman McCord, Senior Manager April 22, 2020 Still Happening DCAA is still active during this challenging “shelter in place” time but is, for the most part, auditing by email or telephone. As is certainly true of many business and Government
Revised DPAP Q&A released – implementation of CARES Act, Section 3610
Insight by: Craig Stetson, Partner April 18, 2020 Revised DPAP Q&A released – implementation of CARES Act, Section 3610 Revised DPAP Q&A released April 17, 2020 – re implementation of CARES Act, Section 3610. – See Blog posted 4.9.2020 with our expert insight. Q27 – not unexpected nor unreasonable; contractors will need to provide thorough
CARES Act, Section 3610 – New Points Noted
Insight by: Craig Stetson, Partner April 14, 2020 CARES Act, Section 3610 – New Points Noted Initial questions and responses released April 9, 2020 by the DoD regarding the implementation of CARES Act, Section 3610 – Click to read Blog posted 4.9.2020 with our expert insight. As noted by DPAP, questions and responses
RFI Only – Commercial Item Determination Opportunity
Insight by: Craig Stetson, Partner April 13, 2020 RFI Only – Commercial Item Determination Opportunity An item discussed at the February Commercial Item Group (CIG) Industry Day conference was an expansion of the CIG’s traditional scope of services to perform commercial item determinations (CIDs) directly for selected contractors. The CIG recently issued this RFI seeking
DoD Class Deviation – CARES Act, Section 3610 Implementation Framework
Insight by: Craig Stetson, Partner April 9, 2020 DoD Class Deviation – CARES Act, Section 3610 Implementation Framework The initial March 30, 2020 DPAP memo indicated additional guidance on implementation of Section 3610 of the CARES Act would be forthcoming. The DoD issued April 8, 2080 a class deviation authorizing contracting officers (CO) to use
MEMORANDUM: Managing Defense Contracts Impacts of the Novel Coronavirus
Insight by: Craig Stetson, Partner March 31, 2020 MEMORANDUM: Managing Defense Contracts Impacts of the Novel Coronavirus A DPAP memo was released reinforcing other recent government directives / communications regarding contractor cost and schedule impacts caused by COVID-19. Two main points emerge from this memo: Various FAR clauses may provide relief to contractors to
Class Deviation – Submission of Interim Vouchers Under Classified Contracts
Insight by: Craig Stetson, Partner March 30, 2020 MEMORANDUM: Class Deviation – Submission of Interim Vouchers Under Classified Contracts The government implemented an initiative to accelerate payments to contractors to minimize contract performance challenges arising from COVID-19. This DoD class deviation allows contractors to submit interim public vouchers under classified contracts directly to
COVID-19 Supply Chain Impacts – Managing supply chains with HRPAS or DPAS rated orders
Written by: Gene Hansen, Senior Manager March 27, 2020 President Trump’s recent executive order engaging the Defense Production Act (DPA) to redirect US manufacturing capability to support health and medical services will cause companies that have never done business with the federal government to start doing so. Among the implementing regulations of the DPA is
Government Contracting for COVID-19- What to Know in the Current Contracting Environment
Written by: Paul Bailey, Partner March 25, 2020 From a contracting perspective, we have been here before, most recently with the war on terrorism and Overseas Contingency Contracts. Contractors and PCO’s responded with great speed to deliver critical products and services to support the warfighter. In some cases, typical business or best practices were
COVID-19 – Government Contractor Compliance and Financial Considerations
Written by: Craig Stetson, Partner As the sustained acceleration of the coronavirus (COVID-19) continues across the US and abroad, government contractors will face significant and rapidly changing challenges and disruptions impacting various aspects of day-to-day operations, performance, delivery and compliance requirements under their federal government prime contracts or subcontracts. Government contractors confronting contractual performance
MEMORANDUM FOR DEFENSE INDUSTRIAL BASE ISSUED
March 21, 2020 DoD GovCon community – Defense Industrial Base deemed Critical Infrastructure Sector by DHS and Ms. Lord provides associated guidance. Consistent with the President’s guidelines: “If you work in a critical infrastructure industry, as defined by the Department of Homeland Security, you have a special responsibility to maintain your normal work schedule. ”
UPDATE TO M-20-11: The Office of Management and Budget (OMB) Memorandum M-20-17
March 19, 2020 UPDATE: M-20-17 UPDATE TO M-20-11 “This memorandum provides similar administrative relief listed in M-20-11 to an expanded scope of recipients affected by the loss of operational capacity and increased costs due to the COVID-19 crisis.”
Letter from President Donald J. Trump on Emergency Determination Under the Stafford Act
Insight by: Stephen “Chase” Kunk, Partner March 20, 2020 An emergency determination was made by the President on March 13, 2020, under the authority of the “Stafford Act” (Robert T. Stafford Disaster Relief and Emergency Assistance Act, 42 U.S.C. 5121-5207) in response to the COVID-19 pandemic. This determination authorizes federal assistance to supplement State and
Capital Edge Consulting Hires Corporate Attorney Ryan Fleischer
Experienced lawyer and compliance professional Ryan Fleischer joins Capital Edge to support internal business operations and contract and subcontract negotiation and administration. McLean, VA, March 12, 2020 — Capital Edge Consulting, Inc., a nationwide consulting firm that specializes in helping federal government contractors solve complex business challenges, announces the addition of Corporate Attorney Ryan Fleischer.
UPDATE: The Office of Management and Budget (0MB) Memorandum -Administrative Relief for Recipients and Applicants of Federal Financial Assistance Directly Impacted by the Novel Coronavirus (COVID-19)
EXECUTIVE OFFICE OF THE PRESIDENT OFFICE OF MANAGEMENT AND BUDGET WASHINGTON, D.C. 20503 March 9, 2020 M-20-11 MEMORANDUM FOR THE HEADS OF EXECUTIVE DEPARTMENTS AND AGENCIES FROM: Margaret Weichert Deputy Director of Manageme SUBJECT: The Office of Management and Budget (0MB) has identified the following agency actions to relieve short term administrative, financial management and
For a Third Year, 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 59th Annual NCMA Boston Chapter Workshop McLean, VA – March 04, 2020 – 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 two session trainings for
Capital Edge Consulting, Inc. Named to Inc. 5000 List of Fastest-Growing Private Companies for the D.C. Metro Area
Leading Government Contract Consulting Firm Named #207 on Inc. 5000 List of Fastest-Growing Private Companies in the D.C Metro Area McLean, VA, February 27, 2020 – Capital Edge Consulting, Inc., a nationwide consulting firm that specializes in helping federal government contractors solve complex business problems, is pleased to announce that it has ranked #207
Random Acts of Kindness – Volunteer Initiative
Many Hands Make an Impact – Random Acts of Kindness In recognition of National Random Acts of Kindness Day (Monday, February 17, 2020), team members Karen Howley, Francis Reilly, Sammie Warnecki, and Ray Winner visited two local fire stations to deliver boxes of Girl Scout cookies as a thank you for serving and protecting our
2 CFR 200 – Uniform Guidance: PROPOSED RULE UPDATE
January 22, 2020 2 CFR 200 – Uniform Guidance is finally getting an update! On January 22, 2020 the Management and Budget Office Published a Proposed Rule Update – Title 2 of the Code of Federal Regulations (CFR) Subtitle A–OMB Guidance for Grants and Agreements “…proposed revisions are intended to reduce recipient burden, provide guidance on
Truth in Negotiations Requests
Truth in Negotiations Requests Summary Have you recently received a letter from the local Defense Contract Audit Agency (DCAA) office requesting specific information on recent government contract awards? Many of our clients have, which raised concern because the letters have not disclosed DCAA’s purpose, need or intended use of the information requested. What You Need
Toys for Tots – Volunteer Initiative
Toys for Tots was founded in 1947 by reservist Major Bill Hendricks as a program run by the United States Marine Corps Reserve which distributes toys to children whose families may not be able to afford to buy them gifts for the Holiday. Our team members Anthony Kim, Marie Salamone, and Billy Bowling supported the
UPDATE: Small business status for federal government contracting
Make sure you are accurately determining your organizations’ small business status for federal government contracting. NOTICE: SBA Increases Time Period for Calculating Annual Receipts of Small Businesses from 3 Years to 5 Years for Size Standard Purposes Effective January 6, 2020, for size standard purposes, SBA is increasing the time period for calculating small business
Ronald McDonald House – Volunteer Initiative
Capital Edge team members – Paul Bailey, Karen Howley, Francis Reilly, Jennifer Rettelle, and Samantha Warnecki – recently visited the local Ronald McDonald House in Fairfax, Virginia. They volunteered time to serve as guest chefs and prepared a warm and hearty meal for family members to enjoy after spending the day at the hospital with
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
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
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
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
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
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
MEMORANDUM FOR REGIONAL DIRECTORS: Audit Guidance on Using Materiality in Incurred Cost Audits
Newly released MRD: materiality thresholds in conjunction with incurred cost proposal audits. This is new, i.e., objective calculations for materiality determinations, and is the result of 2018 NDAA provisions. The revised audit program and CAM Chapter 6 are not clear – but lean towards the exclusion of amounts under the threshold from the application of audit
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
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
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
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
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
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
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
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
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
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
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
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
FARSite’s useful features may be incorporated into Acquisition.gov
In the initial announcement of FARSITE changes, there was no word about whether the FARSite’s capability to simultaneously search both the FAR and individual agency FAR supplements would be part of the transition. This feature is especially useful when researching the application of a specific FAR provision or clause in a particular agency’s solicitation or
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
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
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
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
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 contractor auditing program efforts around dcaa approved accounting systems. The DCAA’s renewed
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
The 809 Panel 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
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
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
COMPLIANCE UPDATE: New DCAA audit program for accounting system audits under DFARS 252.242-7006.
New DCAA audit program for accounting system audits under DFARS 252.242 7006 New DCAA audit program for accounting system audits under DFARS 252.242 7006 The Department of Defense (DOD) implemented a new DCAA audit program dictating new requirements for contractor’s accounting systems. This new dcaa audit program appears to be a mix of prior accounting
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
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
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
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
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
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)
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
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
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
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
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
10 Regulatory Compliance and DCAA Guidance Updates to be Aware of Now and Heading into 2017
Have Questions or need Consulting Expertise Regarding DCAA Compliance We Can Help! Contact the experts at Capital Edge Consulting today.Call: (855) 227-3343 or Email: info@capitaledgeconsulting.com Connect With Us! What Government Contractors Should Know – 10 Regulatory Compliance and DCAA Guidance Updates to be Aware of Now and Heading into 2017 Craig Stetson, Managing Director, Capital
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.
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
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
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
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
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
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
DCMA Guidance on use of Blended Rates to Address Multiple Compensation Limits
The DCMA issued January 29th, 2016 an internal guidance memo to the contract management office commanders and directors. The memo provides guidance on blended rates related to implementation of multiple rate caps and is the resulting guidance addressing the October 2014 letter issued on same by Mr. Shay Assad. Some highlights of this 11-page memo
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
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
