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.

How Government Contractors Can Prepare for DCAA’s New Focus on Business Systems

In February 2019, the U.S. Government Accountability Office (GAO) released its report on monitoring and assessing Contractor Business Systems (CBS). Currently, the U.S. Department of Defense (DOD) has no system for monitoring contractor business systems assessment and results, nor is it able to track to cyclical time guidance for reassessment. The DOD has acknowledged this […]

Continue Reading

Commercial Item – A Beacon of Accessibility

When it comes to commercial items, is there a light to accessibility? The U.S. Federal Government continues to struggle with finding its footing. However, many remain hopeful that, in the near future, we will realize greater accessibility to this cherished designation. Although a contracting officer is required to determine whether a commercial item is being […]

Continue Reading

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. […]

Continue Reading