Archive | 360 News

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.

Accounting System Review or SF 1408 Pre-Award Survey – What Is the Difference?

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. […]

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Other Transactions Authorities (OTAs) Revitalized to Advance Science and Technology

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 […]

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Indirect Rates: Are you Maximizing Cost Recovery on Government Grants?

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 […]

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What You Need to Know to Grow in the Federal Marketplace

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 […]

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Optimizing an Organization with Disparate Commercial and Federal Business Interests

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 […]

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