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.

For Government Contractors Thinking They Are Not Subject to Cost Accounting Standard 407: Think Again

Cost Accounting Standard (CAS) 407 is the regulation contractors must be aware of when utilizing standard costing on government contracts. But CAS 407 also poses challenges for contractors not subject to the regulation, because the government still relies on the criteria for acceptability of standard costing practices described within CAS 407 to evaluate all contractors. […]

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Commerciality and the Memo of Understanding

In September of 2016, the Defense Contract Management Agency (DCMA) and Rockwell Collins signed a memorandum of understanding (MOU) that established an improved process for the procurement of commercial items for military applications.1  A memorandum of understanding is a written agreement between two or more parties. It is also referred to as a memorandum of […]

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Webinar: Stock Market & Federal Spending Trends – July 2018

Connecting the Dots with the Stock Market, Federal Spending Trends, and Government Contractors’ View of 2018 & Beyond Join CohnReznick and BB&T for a complimentary webinar on July 25th. Federal government contractors understand the challenges brought on by the federal government’s increase or decrease in spending. Companies that bid on government contracts deal with not […]

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Webinar: Stock Market and Federal Spending Trends – July 2018

Connecting the Dots with the Stock Market, Federal Spending Trends, and Government Contractors’ View of 2018 & Beyond Join CohnReznick and BB&T for a complimentary webinar on July 25th. Federal government contractors understand the challenges brought on by the federal government’s increase or decrease in spending. Companies that bid on government contracts deal with not […]

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Assessing Business Systems Applicability: A Serious Business

Contrary to popular belief, business systems are not specific software packages. Instead, these systems are a confluence of policies, procedures, and reestablished practices. Business systems are the foundation of any sustainable and profitable company. In the federal contracting realm, business systems are as follows: accounting, estimating, material management, purchasing, earned value management, and property.  These […]

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Raising the Roofs: DoD Threshold Increases

On April 13, 2018, Shay D. Assad, director of Defense Procurement and Acquisition Policy (DPAP), issued two class deviation memos of which the defense contractor industry needs to be aware. Information contained in one memo indicates an increase in thresholds for  which contracting officers need to obtain certified cost or pricing data, as of July […]

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New Protest Filing Procedures at GAO

As of May 1, 2018, all bid protests at the Government Accountability Office (GAO) must be filed online on GAO’s Electronic Protest Docketing System (EPDS) (with the exception of protests involving security classified information) with a filing fee of $350 (even those filing without an attorney).  Be aware that unauthorized or improper use of the […]

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