Hard Bid Contractors – Don’t leave money on the table! In June of 2011, Federal Acquisition Regulation (FAR) 52.216-7 Allowable Cost and Payment was issued, formalizing requirements of an adequate final indirect rate proposal. This clause establishes the basis for preparation of indirect rates, … [Read more...]
Pentagon Memo Says Ignore 800 lb Sequester Gorilla, For Now
In a September 25, 2012 memo to DOD managers and office heads, Deputy Defense Secretary Ashton Carter states that military services should continue normal spending and operations as if sequestration will not occur starting January 2, 2013. The memo states, “to continue the defense mission under … [Read more...]
How next year’s Military Cuts will affect you
Pending Budget Cuts will increase Stop Work Orders and Terminations! A recent Wall Street Journal Article “Combative Clash on Military Cuts”, discussed the dispute between House Republicans and Obama’s Budget Director at the House Armed Services Committee Hearing. At the heart of the issue are … [Read more...]
DCAA is Coming After Your Internal Audit Reports – AGAIN!
Based on a GAO Prompt, DCAA solidifies process to gain access of Contractor Internal Audit Reports In December 2011, the Government Accountability Office (GAO) issued a report, whereby GAO determined “that the number of DCAA requests for internal audit reports was relatively small when compared … [Read more...]