Government Contracts Pricing Strategies and Rate Structures
|
|
- Jonathan Harrell
- 6 years ago
- Views:
Transcription
1 Government Contracts Pricing Strategies and Rate Structures
2 Presented By: Brandon Smith Jon Levin
3 Provisional Billing Rates Provisional, Target, Budget, Billing, etc. Used in connection with cost-type contracts and contracts for which progress payments are authorized Established based on contractor s fiscal year Approved by contracting officer or auditor May be voluntarily submitted Should be submitted prior to beginning of fiscal year Invoices may be rejected until provisional rates are established
4 Provisional Billing Rates (cont.) To establish provisional billing rates, a contractor must provide: proposed rate calculations with brief rationale for both pool and base, prior fiscal year pool and base, current year to date pool and base, and analysis and explanation of any variances. The contractor may be asked to provide additional trends showing budget to actual. Monitoring provisional billing rates: Throughout the year (monthly) After year-end adjustments and close Submission of the final indirect rate proposal (ICE)
5 Provisional Billing Rates (cont.) Adjustments Proposed adjustments during year are acceptable Budget to actual reconciliation at year end Adjusting invoices Know contract ceilings and provisions Know your relationships
6 Pricing Strategies - Budget Known or reasonable expected Current contracts and volumes Option years with high expectations of award Development of Direct Costs Labor Labor mix Escalations Subcontractors Materials Travel Other Direct Costs
7 Pricing Strategies Budget (cont.) Developing Indirect Costs Labor Labor mix Escalation Known changes Leases, software licenses, training, certifications Estimated changes Health insurance, utilities, office supplies
8 Pricing Strategies Rate Structure Service Centers Can be allocated to direct costs, intermediate cost pools, final cost pools Allocation methods vary labor, headcount, square footage, etc. Reasonable and consistent Intermediate Pools Final Pools Allocates indirect costs to final indirect cost pools Allocates indirect costs to the final cost objective (direct costs)
9 Pricing Strategies Rate Structure (cont.) 2-tier vs. 3-tier Primarily refers to labor and how fringe is applied 3-tier Fringe is a final indirect cost pool and is shown separately from OH and GA Direct labor burden includes FR + OH + GA changed to (FR * OH) * GA 2-tier Fringe on direct labor is allocated to the OH cost pool Direct labor burden includes OH + GA changed to OH * GA No difference in calculated wrap rate
10 Pricing Strategies Rate Structure (cont.) Overhead Pools How many do I need? Logical and consistent groupings Not separating causes an unequitable allocation of costs Avoid having OH pools for each contract Total Cost Input (TCI) vs. Value Added (VA) Burden on material and subcontracts Total Cost Input Direct materials and direct subcontracts are in the G&A base Burdened with G&A
11 Pricing Strategies Rate Structure (cont.) Total Cost Input (TCI) vs. Value Added (VA) (cont.) Value Added Costs associated with procuring and administering direct materials and direct subcontracts are a separate cost center Subcontractor/Material Handling Pool (S/MH) Direct materials and direct subcontracts are in the S/MH base rather than the G&A base S/MH pool is included in the G&A base Your G&A will be likely be higher
12 Pricing Strategies Cost Impact Analysis How will this award affect my indirect rates? Direct costs Additional labor, subcontracts, materials, travel Add additional base to my indirect cost rates Indirect costs Unique benefit requirements, Service Contract Act Additional facility space required Additional indirect help (accounting, contracts, program management) Must have sufficient information on both direct and indirect costs to make a fair and reasonable determination of costs Remember the objective is to cover costs and contribute to obtaining corporate operational objectives
13 Pricing Strategies Negotiations A fair and reasonable price does not require that agreement be reached on every element of cost (FAR ) Primary concern is overall price Contracting Officer will determine reasonableness of subcontracting costs May require adjustment if subcontract prices have been negotiated before prime contract is negotiated Certified cost and pricing data may be required during negotiations $650,000 Exceptions: adequate competition, commercial item, prices set by law, expressly waived
14 Pricing Strategies Negotiations (cont.) Even if the contract is one for which the Government is prohibited from requiring certified cost or pricing data (e.g., a commercial item contract), the Government has broad discretion in requesting other than certified cost or pricing data. See FAR Subpart 15.4 Also, in DoD contracts, when the Government is prohibited from requiring certified cost or pricing data, it can require other types of data and can audit these data submissions. See DFARS Subpart
15 Cost and Price Analysis Cost Analysis Review and evaluation of separate cost elements Judgment call Price Analysis Review and evaluate the overall price without regard to separate cost elements and profit Judgment call
16 Cost and Price Analysis: Realism The Government is required to perform costs realism analysis in all procurements for cost-type contracts. See FAR (a)(1); (d)(2). After finishing this analysis, it will determine each offeror s most probable cost (MPC). Thus, in the event the Government determines that an offeror s proposed cost is unrealistically low, the Government will raise the offeror s proposed cost. In fixed-price contracts, the Government may perform price realism analysis as a way of determining whether offerors under the requirements contained in the solicitation. Unlike in cost-type contracts, however, the Government will not make a MPC adjustment.
17 Cost and Price Analysis: Realism (cont.) In competitive procurements, after the competitive range is established, the Government may engage offerors in discussions. If the Government decides to hold discussions, it must discuss all deficiencies and significant weaknesses to which the offeror has not yet had an opportunity to respond. If an offeror s proposed price or cost was determined to be unrealistically low, this is something the Government is required to discuss.
18 Truth in Negotiations Act (TINA) TINA is codified at 10 U.S.C. 2306a, and its implementing regulations are at FAR Subpart It is designed to combat defective pricing by putting the Government in the same position as a contractor with respect to the contractor s cost and pricing data. When certified cost or pricing data is required, the contractor must certify that, to the best of the contractor s knowledge and belief, the data is accurate, complete, and current as of that date. From a practical perspective, it is fairly difficult to enforce, because much of a proposal is judgment instead of fact.
19 Progress Payments In fixed price contracts, FAR Subpart 32.5 authorizes contract financing by use of progress payments based on the contractor s costs. Progress payments are generally limited to 80% of the contractor s total costs (or 85% for small businesses) and, of course, are further limited to the fixed price of the contract. The Government may authorize progress payments before or after contract award. Thus, a contractor may wait to request after award. If progress payments are authorized, the contractor s costs are subject to audit.
20 Advanced Payments In certain instances, FAR Subpart 32.4 authorizes the Government to finance performance of contracts by making advance payments. Advance payment is the least preferred method of contract financing. Thus, if there are reasonably available alternatives, the Government should not use. In addition, the contractor must provide adequate security, the advance payments must not exceed the unpaid contract price, and the Government must determine that the advance payment is in the public interest or facilitates the national defense. Small businesses with limited access to alternative financing and strong technical expertise are strong candidates for this for advance payments. The Government will generally charge interest on all outstanding advance payments.
21 Forward Pricing Rate Agreements (FPRA) FAR Section sets out the procedures for establishing FPRAs. A FPRA is requested by Contracting Officer or Administrative Contracting Officer. The Government shall establish a FPRA with contractors whose sales to the Government are expected to exceed $200 million in the contractor s next fiscal year. Auditors and contracting offices with significant interest assist in review and negotiations. Price Negotiation Memorandum (PNM) is issued which specifies expiration, application and monitoring requirements. A FPRA is a bilateral agreement.
22 Forward Pricing Rate Recommendations (FPRR) A FPRR is unilaterally set by the Administrative Contracting Officer when: A FPRA has not been established with the contractor (e.g., when the contractor will not agree to terms of FRPA) or The contractor s FPRA has been invalidated (e.g., because the ACO determines invalidation should occur because of changed conditions).
23 Limitation of Cost / Funds Government agencies are granted funds by Congress. For this reason, the Government s authority to obligate funding and make payments is limited. One of these limitations is reflected in the FAR s limitation of costs / funds clauses, which are required in all cost-type contracts. FAR , Limitation of Cost required in all cost-type contracts that are fully funded. FAR , Limitation of Funds required in all cost-type contracts that are incrementally funded. Under no circumstances is a contractor entitled to reimbursement of its costs in excess of the limitation of cost /funds indicated in the contract. For example, a cost overrun caused by an overrun in a contractor s indirect rates will not be reimbursable.
24 GSA Price Reductions Clause , Price Reductions Provides that the Government and the contractor will agree on (a) a commercial customer (or category of customers) that will be the basis of award and (2) the Government s discount relationship to the identified customer(s). The Government will receive a price reduction if the contractor: Reduces its pricing in its commercial catalog, Grants more favorable discounts or terms than those contained in its commercial catalog, or Grants special discounts to the customer (or category of customers) that formed the basis of award, and the change disturbs the previously agreed discount relationship. The Government is not entitled to a price reduction for sales to Government agencies.
25 False Claims Act (FCA) Pricing Considerations Review G&A rates and other indirect pricing to ensure no unallowable costs are included Ensure that pricing reflects the most accurate, complete and current data Develop pricing based upon approved labor categories
26 False Claims Act (FCA) (cont.) Billing Considerations Charge only costs incurred in connection with that specific contract Base charges only upon costs actually incurred Ensure that timesheets for direct charge employees accurately reflect time spent on that contract
GCS 224 Surviving DCAA Audits with GCS Premier. Presented by: Nicole Mitchell, Aronson & Company
GCS 224 Surviving DCAA Audits with GCS Premier Presented by: Nicole Mitchell, Aronson & Company Agenda Government Contract Audits and the Role of DCAA and DCMA Basic Attributes of a Government Approved
More informationCost Estimating and Truthful Cost or Pricing Data Requirements
Cost Estimating and Truthful Cost or Pricing Data Requirements Steven M. Masiello Jeremiah J. McIntyre Agenda Cost Estimating FAR cost estimating DFARS cost estimating system rule Government Proposal Analysis
More informationTruth in Negotiations Act (TINA) Essentials
Truth in Negotiations Act (TINA) Essentials Breakout Session #: F03 Presented by: Brent Calhoon, Partner, Baker Tilly Shingai Mavengere, Senior Manager, Baker Tilly Date: Tuesday, July 23 Time: 4:00pm-5:15pm
More informationClick to edit Master title style
Click to edit Master title style Click to edit Master text styles Second level Click Indirect to edit Rate Master Cycle title style Factors that Drive Your Indirect Rates and Impact Click to edit Your
More informationEnhance Your Understanding of the Truth in Negotiations Act (TINA)
Enhance Your Understanding of the Truth in Negotiations Act (TINA) Breakout Session # B10 Janie L Maddox, Lecturer, U.S. Naval Postgraduate School Brent Calhoon, Partner, Baker Tilly Samantha Schwellenbach,
More informationPart V in a Series: Cost Analysis and Cost Realism and Their Expanding Roles in Contract Pricing. government contracting
Part V in a Series: Cost Analysis and Cost Realism and Their Expanding Roles in Contract Pricing 1 Your instructor... Bill Walter, CPA Managing Director DHG GovCon Advisory Bill.Walter@dhgllp.com 1410
More informationVSRA Contract Compliance Seminar August 23, 2011
VSRA Contract Compliance Seminar August 23, 2011 Topics Overview What s new? Defense Federal Acquisition Regulation Supplement; Business Systems Definition and Administration (DFARS Case 2009-D038) Reporting
More informationAccounting System Requirements
Accounting System Requirements Further information is available in the Information for Contractors Manual under Enclosure 2 The views expressed in this presentation are DCAA's views and not necessarily
More informationDCAA Update and Limitation on Subcontracting
DCAA Update and Limitation on Subcontracting Bristol Bay Native Corporation 2016 Annual Compliance Conference Stephen D. Knight Smith Pachter McWhorter PLC Scope of Government Audit Rights FAR 52.215-2,
More informationTINA Sweeps and Defective Pricing (Part 1 of 2) Written by Nick Sanders
Many government contract compliance practitioners are aware of the Truth-in-Negotiations Act (or Truthful Cost or Pricing Data) or whatever the kids are calling it these days (I m calling it TINA). Whatever
More informationPCI s Trending Cost & Pricing Series 2017 Defective Pricing Hazards and Defenses December 21, government contracting
PCI s Trending Cost & Pricing Series 2017 Defective Pricing Hazards and Defenses December 21, 2017 1 Your hosts Bill Walter Executive Director Government Contract Advisory Services Dixon Hughes Goodman
More informationReview of CON 110, 111 & 112. Preparation for CON 120
Review of CON 110, 111 & 112 Preparation for CON 120 CON 110 Review Mission Support Planning Key Concepts What s a Best Value Procurement? Means the expected outcome of an acquisition that, in the Government
More informationDEFENSE ACQUISITION UNIVERSITY CON Negotiation and Administration of Supply Contracts
1 Given a complex fiscal law issue, and working in a team environment, generate a strategy which will resolve that issue. Interpret the major fiscal law statutes and regulations governing Federal contracting.
More informationContract Pricing Reference Guides Volume 3 Chapter 9 Analysis of Indirect Costs
Contract Pricing Reference Guides Volume 3 Chapter 9 Analysis of Indirect Costs 9.0 - Chapter Introduction 9.1 - Identifying Pools And Bases For Rate Development o 9.1.1 - Identifying Indirect Cost Pools
More informationIndirect Rates for Cost Plus Contracting Jenny W Clark. Jenny Clark
Indirect Rates for Cost Plus Contracting Jenny W Clark Jenny Clark jwclark@solvability.com Jenny W Clark The Oprah of Federal Contracting Solvability, Inc. www.solvability.com Phone 256-882-6276 E-mail
More informationTopics for Discussion
Government Contracting Update September 2010 Presentation By: James W. Thomas LLP PwC New and Proposed Regulations - Cost or Pricing Data - Acquisition Thresholds - Business Systems - Pensions - Security
More informationIntroduction to the Cost Accounting Standards Mike Mardesich & Brad Tress April 25, 2017
Introduction to the Cost Accounting Standards Mike Mardesich & Brad Tress April 25, 2017 The Fundamentals of Government Contracting Webinar Series 1 Your Presenters Mike Mardesich Dixon Hughes Goodman
More informationGOVERNMENT CONTRACTING
A GUIDE TO INDIRECT COST RATES IN GOVERNMENT CONTRACTING www.ryansharkey.com TABLE OF CONTENTS Overview Direct vs. Indirect Costs... 3 What are Indirect Rates?... 4 Calculation of Indirect Rates and Impact
More informationSUBPART CONTRACT PRICING (Revised November 24, 2008)
SUBPART 215.4--CONTRACT PRICING (Revised November 24, 2008) 215.402 Pricing policy. Follow the procedures at PGI 215.402 when conducting cost or price analysis, particularly with regard to acquisitions
More informationThat seems to be a problematic approach, right? Think about it: Solving Executive Compensation Concerns with Blended Rates. Written by Nick Sanders
The allowability of contractor executive compensation is a complex, tricky, thing made more tricky by recent statutory and regulatory changes. We have written about some of those rece nt changes before.
More informationMonitoring Subcontracts
Monitoring Subcontracts The views expressed in this presentation are DCAA's views and not necessarily the views of other DoD organizations Page 1 Subcontracts What should a contractor know about subcontracting:
More informationMission Support Planning
CON 110 Review Mission Support Planning Key Concepts What s a Best Value Procurement? Means the expected outcome of an acquisition that, in the Government s estimation, provides the greatest overall benefit
More informationKeys to Submitting an Adequate Incurred Cost Proposal
Keys to Submitting an Adequate Incurred Cost Proposal Presented By: Kiran Pinto, Senior Manager, Watkins Meegan Keith Romanowski, Compliance Director, WJ Technologies March 20, 2013 Agenda Who Needs to
More informationWinning Contracts in a Changing Industry. Kristen Soles, CPA, Partner CohnReznick Jacob George, Dir. of Finance Red Team Consulting
Winning Contracts in a Changing Industry Kristen Soles, CPA, Partner CohnReznick Jacob George, Dir. of Finance Red Team Consulting Agenda The Baseline Trends Large, Small & Overall Direct and Indirect
More informationIncurred Cost Submissions
Incurred Cost Submissions Further information is available in the Information for Contractors Manual under Enclosure 6 The views expressed in this presentation are DCAA's views and not necessarily the
More informationSubcontract Pricing Deficiencies. Next Slide
Subcontract Pricing Deficiencies Table of Contents Risk Assessment Research and Planning Risk Assessment Review of Contract and Price Negotiation Memorandum (PNM) Risk Assessment Overrun/Underrun Analysis
More informationProposal Adequacy Checklist
The offeror shall complete the following checklist, providing location of requested information, or an explanation of why the requested information is not provided. In preparation of the offeror s checklist,
More informationLimitations on Pass-Through Charges. Government Contracts Update Volume 2, Nov. 2011
Limitations on Pass-Through Charges Government Contracts Update Volume 2, Nov. 2011 11/22/2011 Vol. 2, Nov 2011 Page 1 of 4 Limitations on Pass-Through Charges Two new clauses were added to the FAR effective
More informationSOLICITATION INSTRUCTIONS Bidder will comply with these instructions when responding to this solicitation.
Page : 1 of 4 SOLICITATION INSTRUCTIONS Bidder will comply with these instructions when responding to this solicitation. 1. Responses to this solicitation received after the specified "Bid Close Date"
More informationVirginia Department of Transportation Indirect Cost Rate Submission and Review Process Effective January 1, 2019
Virginia Department of Transportation Indirect Cost Rate Submission and Review Process Effective January 1, 2019 1. Policy, Regulation and Guidance a) In order to ensure that consultant costs reimbursed
More informationAdequacy of Proposals for. Global Supply Chain
Adequacy of Proposals for Global Supply Chain 1 Adequacy of Proposals Objectives This resource document covers the following: An overview of the proposal process, including applicable FAR (Federal Acquisition
More informationCONTRACT ADMINISTRATION AND AUDIT SERVICES
CHAPTER 3042 CONTRACT ADMINISTRATION AND AUDIT SERVICES Subchapter 3042.002 Interagency agreements. Subchapter 3042.1 Contract Audit Services 3042.102 Assignment of contract audit services. 3042.170 Contract
More informationNational Contract Management Association of Boston 57th Annual March Workshop
National Contract Management Association of Boston 57th Annual March Workshop Pricing and estimating March 7, 2018 Agenda Introductions Overview and background of the pricing and estimating process Certified
More informationProposal Pricing Instructions Page 1 of 7 Supplier Proposal Adequacy Checklist Instructions
Proposal Pricing Instructions Page 1 of 7 Supplier Proposal Adequacy Checklist Instructions Unless a valid exemption applies, Cost or Pricing Data is required to support proposals exceeding $750,000. Contractors
More informationCOST ACCOUNTING STANDARDS NOTICES AND CERTIFICATION
COST ACCOUNTING STANDARDS NOTICES AND CERTIFICATION Introduction The Prime Contract under which this solicitation is issued requires that APL determine the applicability of Cost Accounting Standards Board
More informationPSP A/ August 26, PSP-020(R)
DEFENSE CONTRACT AUDIT AGENCY DEPARTMENT OF DEFENSE 8725 JOHN J. KINGMAN ROAD, SUITE 2135 FORT BELVOIR, VA 22060-6219 IN REPLY REFER TO PSP 730.5.1.A/2013-009 August 26, 2013 13-PSP-020(R) MEMORANDUM FOR
More informationChiu Lee DCAA Financial Liaison Advisor
DCAA SERVICES An Overview of the DCAA Audit Process for Small Businesses Chiu Lee DCAA Financial Liaison Advisor DARPA SBIR Phase I Workshop The views expressed in this presentation are DCAA's views and
More informationFalsification of Documents. Next Slide
Falsification of Documents Table of Contents Risk Assessment Research and Planning Risk Assessment Review of Permanent File Risk Assessment Initial Review of Proposal Document Risk Assessment Discussion
More informationCost Accounting Standards
Cost Accounting Standards Bill Walter Partner - Government Contract Consulting McLean, Virginia (703) 970-0509 bill.walter@dhgllp.com 1 Agenda Session I Administration: CAS Overview Applicability Types
More information2. Bidder shall notify Buyer if a former employee of Buyer is representing Bidder in connection with its proposal or any resulting order.
Page: 1 of 5 General Instructions to Bidder 1. Bidder will carefully review all documents cited in Buyer's solicitation to ensure the following: a. All information required to properly respond to this
More informationKey to Profitability
Key to Profitability Understanding Indirect Cost Allocation Rates Sam Davidson President, GovConConsulting2013, LLC govconconsulting2013@gmail.com/703-303-2701 Do you REALLY know what your products or
More informationBAA Process. DARPA Contracts Management Office Christopher L. Glista Contracting Officer. SubT Proposers Day January 18, 2018
DARPA Contracts Management Office Christopher L. Glista Contracting Officer SubT Proposers Day January 18, 2018 1/25/2018 1 Approved for Public Release; Distribution Unlimited What is a BAA? Solicitation
More informationContract Types and Associated Risks December 20 th, 2016
Contract Types and Associated Risks December 20 th, 2016 The Fundamentals of Government Contracting Webinar Series 1 Your Presenters Mike Mardesich Dixon Hughes Goodman LLP 703.970.0508 mike.mardesich@dhgllp.com
More informationStudent Guide CON 170. Fundamentals of Cost and Price Analysis. Unit 1, Lesson 2 Truth In Negotiations Act
Student Guide CON 170 Fundamentals of Cost and Price Analysis Unit 1, Lesson 2 Truth In Negotiations Act October 2015 Notes Page 2 CON 170, Unit 1, Lesson 2, The Truth in Negotiations Act Lesson Presentation
More informationCOMPENSATION & PAYMENT PROVISIONS (COST REIMBURSABLE)
COMPENSATION & PAYMENT PROVISIONS (COST REIMBURSABLE) 1 Note: Articles flagged with an asterisk (*) are Flow-down requirements as defined in Article SUBCONTRACTORS AND SUPPLIERS in Contract Document GENERAL
More informationUnderstanding the Life Cycle of Forward Pricing Rates and Their Impact on Contract Negotiations
Understanding the Life Cycle of Forward Pricing Rates and Their Impact on Contract Negotiations By allie stanzione Abstract In the past, the most desirable way of negotiation with the U.S. government that
More informationNavigating the Indirect Cost Rate Maze. Chad Braley Marie Salamone
Navigating the Indirect Cost Rate Maze Chad Braley Marie Salamone Value Proposition Capital Edge is the country s largest independent consulting firm focusing solely on the U.S. Government contracting
More informationCurrent Issues in Contractor Incurred Cost Submissions and Government Audits
Current Issues in Contractor Incurred Cost Submissions and Government Audits Breakout Session #: C03 Presented by: Stephen H. Bishop, Accounting Director at CGS Administrators, LLC Steven Masiello, McKenna
More informationReferences: CAM Section 2 - General Audit Guidance for Termination of Negotiated Contracts
References: CAM 12-200 Section 2 - General Audit Guidance for Termination of Negotiated Contracts CAM 12-400 Section 4 - Auditing Terminations of Cost-Type Contracts Audit Program 17100 Termination, Cost
More informationChallenges of Contracting with the Federal Government November 19 th, 2015
Challenges of Contracting with the Federal Government November 19 th, 2015 The Fundamentals of Government Contracting Webinar Series 1 Your Presenters David King Dixon Hughes Goodman, LLP 703.970.0433
More informationNew to Cost Reimbursement Contracts? Meet Your New Friends
New to Cost Reimbursement Contracts? Meet Your New Friends Breakout Session #: G07 Brent Calhoon Partner Baker Tilly Shingai Mavengere Director, Government Accounting UnitedHealthcare Military & Veterans
More informationDEPARTMENT OF DEFENSE Defense Contract Management Agency INSTRUCTION. Forward Pricing Rates
DEPARTMENT OF DEFENSE Defense Contract Management Agency INSTRUCTION Forward Pricing Rates Contracts Directorate DCMA-INST 130 CPR: DCMA-AQ 1. PURPOSE. This Instruction: a. Revises and reissues DCMA Instruction
More informationSection B Services, Ordering and Prices
Section B Services, Ordering and Prices B.1 Background Federal Strategic Sourcing was mandated by the Office of Management and Budget's (OMB s) Office of Federal Procurement Policy, and implemented by
More informationChapter 12. Auditing Contract Termination Delay Disruption and Other Price Adjustment Proposals or Claims
Chapter 12 Auditing Contract Termination Delay Disruption and Other Price Adjustment Proposals or Claims Table of Contents 12-000 Auditing Contract Termination, Delay/Disruption, and Other Price Adjustment
More informationItem No. Adequacy Consideration Adequate Notes
References: CAM 12-200 Section 2 - General Audit Guidance for Termination of Negotiated Contracts CAM 12-300 Section 3 - Auditing Terminations of Fixed-Price Contracts Audit Program 17100 Termination,
More informationSmall. B u s i n e s s, G r o w Y o u r. T o. Y o u M u s t P l a n. f o r G r o w t h
Emerging Businesses: Small T o G r o w Y o u r B u s i n e s s, Y o u M u s t P l a n f o r G r o w t h 18 Contract Management January 2009 Emerging small businesses must plan for growth by ensuring systems
More informationDEPARTMENT OF DEFENSE Defense Contract Management Agency INSTRUCTION. Termination for Convenience
DEPARTMENT OF DEFENSE Defense Contract Management Agency INSTRUCTION Termination for Convenience Contracts Directorate DCMA-INST 101 OPR: DCMA-AQ SUMMARY OF CHANGES. This revision adds references and text
More informationBlanket Purchase Agreement DAR ESI/SmartBUY Enterprise Software Agreement (ESA) Ordering Guide
Blanket Purchase Agreement DAR ESI/SmartBUY Enterprise Software Agreement (ESA) Ordering Guide A. BPA Number FA8771-07-A-0307 B. Award Date June 22, 2007 C. BPA Term The BPA shall be effective and will
More informationSequestration and Terminations for Convenience
Sequestration and Terminations for Convenience J. Clark Pendergrass Lanier Ford Shaver & Payne P.C. 2101 West Clinton Ave., Suite 102 Huntsville, AL 35805 256-535-1100 jcp@lanierford.com www.lanierford.com
More informationSIGAR JULY. Special Inspector General for Afghanistan Reconstruction
SIGAR Special Inspector General for Afghanistan Reconstruction SIGAR Financial Audit 13-6 USDA s Program to Help Advance the Revitalization of Afghanistan s Agricultural Sector: Audit of Costs Incurred
More informationSTUDENT GUIDE. CON 170 Fundamentals of Cost & Price Analysis. Unit 1, Lesson 2 Truth In Negotiations Act
STUDENT GUIDE CON 170 Fundamentals of Cost & Price Analysis Unit 1, Lesson 2 Truth In Negotiations Act October 2016 STUDENT PREPARATION Required Student Preparation Read TINA Language, FAR Part 15, DFARS
More information(Billing Code P) Forward Pricing Rate Proposal Adequacy Checklist (DFARS Case
This document is scheduled to be published in the Federal Register on 05/16/2013 and available online at http://federalregister.gov/a/2013-11402, and on FDsys.gov (Billing Code 5001-06-P) DEPARTMENT OF
More informationItem No. Adequacy Consideration Adequate Notes
References: CAM 12-200 Section 2 - General Audit Guidance for Termination of Negotiated Contracts CAM 12-300 Section 3 - Auditing Terminations of Fixed-Price Contracts Audit Program 17100 Termination,
More informationGuard Your Investment in Valuable Contracts
Guard Your Investment in Valuable Contracts 1 PRESENTERS Mark Steranka Partner Moss Adams Consulting Robert Gutierrez, CPA, JD Manager Moss Adams Consulting 2 AGENDA Why Audit Contracts Federal Contracts
More informationCOST ACCOUNTING STANDARDS BOARD DISCLOSURE STATEMENT REQUIRED BY PUBLIC LAW EDUCATIONAL INSTITUTIONS
INDEX GENERAL INSTRUCTIONS--Continuation Sheet.............. (i) COVER SHEET AND CERTIFICATION................... C-1 PART I General Information.................. I-1 Part II Part III Part IV Direct Costs......................
More informationSubcontract and Material Vendor Costs. Steven M. Masiello Gale R. Monahan January 13, 2015
Subcontract and Material Vendor Costs Steven M. Masiello Gale R. Monahan January 13, 2015 mckennalong.com Subcontractor Cost Allowability Standards for Government Subcontracting DCMA/DCAA Subcontract Cost
More informationRecent Developments in Contract Costs and Accounting. Terry L. Albertson J. Catherine Kunz Linda S. Bruggeman
Recent Developments in Contract Costs and Accounting Terry L. Albertson J. Catherine Kunz Linda S. Bruggeman CAS: Affected Contracts On CAS-covered contracts, Govt is entitled to price adjustments to reflect
More informationGrowing Pains: The Art of Subcontract Management for Small Business
Growing Pains: The Art of Subcontract Management for Small Business Breakout Session # B02 Jeffery A. White, C.P.M, President/CEO J.A. White & Associates, Inc. Date: March 17, 2016 Time: 2:00pm 3:15pm
More informationTITLE 70: DEPARTMENT OF FINANCE SUBCHAPTER COST AND PRICE ANALYSIS REGULATIONS
SUBCHAPTER 70-30.1 COST AND PRICE ANALYSIS REGULATIONS Part 001 General Provisions 70-30.1-001 Overview and Summary 70-30.1-005 Scope 70-30.1-010 Definitions Part 100 Policy; Cost or Pricing Data 70-30.1-101
More informationDEFENSE CONTRACT AUDIT AGENCY 8725 JOHN J. KINGMAN ROAD, SUITE 2135 FORT BELVOIR, VA PPS June 26, 2012 INFORMATION FOR CONTRACTORS
DEFENSE CONTRACT AUDIT AGENCY 8725 JOHN J. KINGMAN ROAD, SUITE 2135 FORT BELVOIR, VA 22060-6219 PPS June 26, 2012 DCAA MANUAL NO. 7641.90 INFORMATION FOR CONTRACTORS 1. PURPOSE. This manual supersedes
More information(Revised April 28, 2014) ADVANCE PAYMENT POOL (DEC 1991)
(Revised April 28, 2014) 252.232-7000 Advance Payment Pool. As prescribed in 232.412-70(a), use the following clause: ADVANCE PAYMENT POOL (DEC 1991) (a) Notwithstanding any other provision of this contract,
More informationFederal Contracting for Commercial Goods and Services
Federal Contracting for Commercial Goods and Services Ronald Straight, Professor School of Business, Howard University 202/806-1531; rstraight@howard.edu 90 th Annual International Supply Management Conference,
More informationDCMA Manual Terminations. Implements: DCMA-INST 2501, Contract Maintenance, August 15, October 10, 2014
DCMA Manual 2501-06 Terminations Office of Primary Responsibility Contract Maintenance Effective: October 2, 2018 Releasability: Cleared for public release Implements: DCMA-INST 2501, Contract Maintenance,
More informationN o w h e r e t o R u n, N o w h e r e t o H i d e : D i s c l o s u r e S t a t e m e n t s a n d C o s t A c c o u n t i n g S t a n d a r d s
N o w h e r e t o R u n, N o w h e r e t o H i d e : D i s c l o s u r e S t a t e m e n t s a n d C o s t A c c o u n t i n g S t a n d a r d s Presented by Darrell Hineman, CPA, CFE, Director Jeff Shapiro,
More informationNational Contract Management Association of Boston 58th Annual March Workshop
National Contract Management Association of Boston 58th Annual March Workshop Pricing and estimating March 13, 2019 Introductions Overview and background of the pricing and estimating process Certified
More informationSUMMARY: NASA is proposing to amend the NASA FAR Supplement (NFS) to incorporate a
This document is scheduled to be published in the Federal Register on 10/29/2013 and available online at http://federalregister.gov/a/2013-25287, and on FDsys.gov NATIONAL AERONAUTICS AND SPACE ADMINISTRATION
More informationInternational Cost Estimating & Analysis Association. Supplier Cost/Price Analyses June 20, 2013
International Cost Estimating & Analysis Association Supplier Cost/Price Analyses June 20, 2013 David Eck and Todd W. Bishop Dixon Hughes Goodman LLP Government Contract Consulting Services Group Agenda
More informationContractor Use of GSA Federal Supply Schedules
Contractor Use of GSA Federal Supply Schedules Contracting officers should refer to FAR 51.101 regarding the authorization for contractors to use Federal Supply Schedule contracts in the performance of
More informationSMALL BUSINESS SUBCONTRACTING PLAN (DOD CONTRACTS) BASIC (DEVIATION 2018-O0007) (DEC 2017)
Attachment 1 252.219-7003 Small Business Subcontracting Plan (DoD Contracts) Basic. (DEVIATION 2018-O0007) For solicitations and contracts that contain the basic, Alternate I, or Alternate II of the clause
More informationPresented by CohnReznick s Government Contracting Industry Practice. Kristen Soles, CPA, Partner & Kiran Pinto, CPA, Senior Manager
A u d i t R e a d y : A n I n s i d e r s G u i d e t o G o v e r n m e n t C o n t r a c t A u d i t s & C o m p l i a n c e Presented by CohnReznick s Government Contracting Industry Practice Kristen
More informationComparison of Major Contract Types. Incentive Firm (FPIF) Moderately uncertain
Principal Risk to be Mitigated Firm Fixed-Price (FFP) None. Thus, the contractor assumes all cost risk. Use When.. The requirement is well-defined. Contractors are experienced in meeting it. Market conditions
More informationInformation Collection; Subcontractor Past Performance Pilot Program. SUMMARY: The Small Business Administration (SBA) intends to request approval for
This document is scheduled to be published in the Federal Register on 04/20/2018 and available online at https://federalregister.gov/d/2018-08330, and on FDsys.gov SMALL BUSINESS ADMINISTRATION Information
More informationExploring Unallowable Costs David Eck Mike Mardesich September 22, 2016
Exploring Unallowable Costs David Eck Mike Mardesich September 22, 2016 The Fundamentals of Government Contracting Webinar Series 1 Your Presenters David Eck Dixon Hughes Goodman LLP 214.334.3233 david.eck@dhgllp.com
More information(Revised March 3, 2008) ADVANCE PAYMENT POOL (DEC 1991)
(Revised March 3, 2008) 252.232-7000 Advance Payment Pool. As prescribed in 232.412-70(a), use the following clause: ADVANCE PAYMENT POOL (DEC 1991) (a) Notwithstanding any other provision of this contract,
More informationPANEL E: Costly Mistakes!
PANEL E: Costly Mistakes! How to avoid the most common pitfalls that face a growing company. Lessons learned from an operational and legal perspective that may help you make money and stay out of jail!
More informationSTUDENT GUIDE. CON 170 Fundamentals of Cost & Price Analysis. Unit 3, Lesson 2 Contract Financing
STUDENT GUIDE CON 170 Fundamentals of Cost & Price Analysis Unit 3, Lesson 2 Contract Financing October 2017 CON170, Unit 3 Lesson 2 Contract Financing - Page 1 STUDENT PREPARATION Required Student Preparation
More informationDoD Appropriations Act, 2008 (PL ) Indirect Cost Recovery Limitation on DoD Basic Research
DoD Appropriations Act, 2008 (PL110-116) Indirect Cost Recovery Limitation on DoD Basic Research January 10, 2008 Federal Demonstration Partnership Presented by: University Business Affairs, Indirect Cost
More informationOverview of the Defense Contract Audit Agency American Society of Military Comptrollers
Overview of the Defense Contract Audit Agency American Society of Military Comptrollers Ms. Anita Bales Director Page 1 Presentation Outline DCAA Mission and Impact DCAA Organization Pre-Award - Forward
More informationIndirect Cost Control
DCMA Instruction 2201 Indirect Cost Control Office of Primary Responsibility Indirect Cost Control Capability Effective: October 2, 2018 Releasability: Cleared for public release New Issuance Incorporates:
More informationHigh Point University s Office of Research Administration and Sponsored Programs Federal Purchasing Policy
High Point University s Office of Research Administration and Sponsored Programs Federal Purchasing Policy This purchasing (also known as procurement ) policy was developed to comply with Title 2, Subtitle
More informationCost Recovery Issues After A Termination For Convenience
Cost Recovery Issues After A Termination For Convenience Breakout Session # C15 Leslie Anderson, Program Manager, BAE Systems Greg Bingham, Vice President, The Kenrich Group Chelsea Taylor, Manager, The
More informationContractor Purchasing System Review (CPSR) Guidebook. October 25, 2016 DEPARTMENT OF DEFENSE (DOD) DEFENSE CONTRACT MANAGEMENT AGENCY (DCMA)
DEPARTMENT OF DEFENSE (DOD) Contractor Purchasing System Review (CPSR) Guidebook October 25, 2016 DEFENSE CONTRACT MANAGEMENT AGENCY (DCMA) This revision supersedes all previous versions. Table of Contents
More information(17) Delete Section J, Attachment 6: Past Performance Tables
PAGE 2 of 14 The purpose of this modification is to: (1) Correct the Clinger-Cohen Act citation under Section B.2 AUTHORITY; (2) Clarify the CAF formula and make it optional to include CAF in Loaded Hourly
More informatione-cfr data is current as of March 23, 2018
ELECTRONIC CODE OF FEDERAL REGULATIONS e-cfr data is current as of March 23, 2018 Title 48 Chapter 1 Subchapter G Part 48 Title 48: Federal Acquisition Regulations System PART 48 VALUE ENGINEERING Contents
More informationPPD September 6, PPD-023(R)
DEFENSE CONTRACT AUDIT AGENCY DEPARTMENT OF DEFENSE 8725 JOHN J. KINGMAN ROAD, SUITE 2135 FORT BELVOIR, VA 22060-6219 IN REPLY REFER TO PPD 730.5.35.1 September 6, 2012 12-PPD-023(R) MEMORANDUM FOR REGIONAL
More informationSUBPART OTHER INTERNATIONAL AGREEMENTS AND COORDINATION (Revised June 29, 2018)
SUBPART 225.8--OTHER INTERNATIONAL AGREEMENTS AND COORDINATION (Revised June 29, 2018) 225.802 Procedures. (b) Information on memoranda of understanding and other international agreements is available
More informationThe Fundamentals of Government Contracting Webinar Series
An Introduction to the Incurred Cost Submission Part II: Preparation and Adequacy Review March 24 th, 2016 The Fundamentals of Government Contracting Webinar Series 1 Your Presenters David King Dixon Hughes
More informationThe topic of government contract cost accounting is one
The topic of government contract cost accounting is one that is distinguished from accounting for commercial contracts. Not surprisingly, there are requirements unique to U.S. government contracts. Most
More informationPAC B.01/ August 7, PAC-013(R) MEMORANDUM FOR REGIONAL DIRECTORS, DCAA HEADS OF PRINCIPAL STAFF ELEMENTS, HQ, DCAA
DEFENSE CONTRACT AUDIT AGENCY DEPARTMENT OF DEFENSE 8725 JOHN J. KINGMAN ROAD, SUITE 2135 FORT BELVOIR, VA 22060-6219 IN REPLY REFER TO PAC 730.3.B.01/2013-02 August 7, 2014 MEMORANDUM FOR REGIONAL DIRECTORS,
More informationIs Your G&A Base Right for You?
Is Your G&A Base Right for You? Presented by CohnReznick s Government Contracting Industry Practice Christine Williamson, Partner and Karen Louis, Member, WJ Technologies PLEASE READ This presentation
More information