Join CohnReznick for a complimentary Lunch & Learn session on either November 13th in Columbia, MD or November 14th in Tysons, VA. This month’s topic is “Top 10 Issues of the Top 3 Business System Audits: Accounting, Purchasing and Estimating” Click here to register.
Experts at CohnReznick are continuing to keep their eyes and ears open for new rules, regulations and other important information pertinent to government contractors. Be sure to visit this page regularly to stay informed.
During this past quarter of relentless proposal writing, our clients frequently asked for assistance with approving their accounting system for federal government work under cost-reimbursable contracts. Requests for Proposals (RFPs), which require an adequate accounting system per FAR 16.301-3(a)(3), solicitation provisions may often demand evidence of “acceptability,” “adequacy,” or “approval” as a condition of award. […]
By Jeffrey Witt, CPA, Senior Manager, CohnReznick LLP As I’ve attended a variety of government contracting related gatherings recently, I’ve noted a sudden increase in discussion about Other Transaction Authorities (OTAs). Since this isn’t an area that most involved in government contracting generally know a lot about, we thought an article on the subject might […]
Join CohnReznick for a complimentary Lunch & Learn session on either October 16th in Columbia, MD or October 17th in Tysons, VA. This month’s topic is “Cybersecurity’s Role in the Evolution of the Fourth Pillar Within Federal Acquisitions” Click here to register.
Join CohnReznick for a complimentary Lunch & Learn session on October 17th in San Diego, CA. Our topic is “The Power of Other Transaction Authority (OTA): Opportunities and Challenges for Government Contractors.” Click here to learn more and register.
Congratulations! You are a biotechnology or research-and-development (R&D) company, and have just been awarded your first government grant. Someone has made an inquiry about your indirect rates and you are thinking, “What are those?” The terms indirect rate, overhead rate, and facilities-and-administrative rate (F&A) are often used interchangeably. Although the terms may be different, all […]
As we embark on a new federal fiscal year, some of the most challenging activities performed by government contractors are budgeting and forecasting. Keep in mind that when creating a budget, the costs to be low enough to win a contract but high enough to allow profit. There also may be a need to reforecast […]
Perhaps the biggest challenge government contractors face is consistently developing business by winning new contracts. It is a challenge that trumps cash flow, the search for good talent, technical adeptness, and all other operating proficiencies. Businesses seek ways to grow rapidly, but struggle when pinpointing where to focus their resources. One strategy that government contractors […]
The period prior to the federal government’s fiscal year end (FYE) is a crucial time to build relationships with government agencies. During FYE 2018, USAspending.gov reported that nearly one-third of federal agency dollars were spent in Q4, significantly higher than in Q1, Q2, and Q3. With $4.9 trillion obligated for spending in FY 2018, it […]
There are many issues associated with optimizing an organization with disparate commercial and federal business interests within a single global enterprise. There also are multiple alternative approaches along with respective advantages and disadvantages of each. Federal contractors view compliance with the Federal Acquisition Regulation (FAR) and Cost Accounting Standards (CAS) as simply a cost of […]