GovCon Blog

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GovCon Thought Leadership: Financial Statement Audits: Efficiency and Value for Government Contractors?

In our new thought leadership piece, GovCon expert Perry Kessler provides insight on avoiding common mistakes, along with tips on successful preparation of accurate, complete, and useful financial statements.

Indirect Cost Rates and The Contract Lifecycle

Indirect cost rates play an integral role in the financial health of a company throughout the contract lifecycle. In this blog, we discuss the relationship of forward pricing, billing, and final rates.

GovCon: Department of Defense Issues Final Rule on Network Penetration and Cloud Computing

The Department of Defense (DOD) has adopted a final rule amending the Defense Federal Acquisition Regulation Supplement (DFARS) to require covered contractors to implement certain cybersecurity safeguards and report data breaches within 72 hours, adopting NIST SP 800-171 as the baseline for covered information system security requirements, and standardizing security requirements for cloud-based services.

Proposed Rule Would Allow Contractors to Challenge Changes to SBA Size Standards

The U.S. Small Business Administration (SBA) issued a proposed rule that would allow contractors to file “Petitions for Reconsideration of Size Standards” at the SBA’s Office of Hearings and Appeals (OHA). Mandated by Section 869 of the National Defense Authorization Act of Fiscal Year 2016, the proposed rule would allow any “adversely affected” party to petition OHA to hear a challenge to SBA final rules that revise, modify or establish a size standard.

SBA Releases “All Small” Mentor-Protégé Template & Application

The U.S. Small Business Administration (SBA) has released a sample template mentor-protégé agreement, and accompanying application information, for its new “all small” mentor-protégé program. The program is now "live" and for contractors who hope to take advantage of this powerful new program, it may be time to get started.

Calculation of Indirect Rates and Impact of Over or Under Running Rates

In government contracting, the calculation of indirect rates is simple math. It’s how and why certain expenses are grouped together that can be complex. In this blog, we outline some basic traditional cost pools and the related allocation bases.

U.S. Department of Labor Implements Long- Anticipated Fair Pay and Safe Workplaces Executive Order

Burdensome disclosure obligations, pay transparency, and other affirmative requirements as a condition of doing business with the federal government continue. Sound familiar? The trend continues with new Federal Acquisition Regulation (“FAR”) rules and accompanying U.S. Department of Labor (“DOL”) guidance issued on August 25, 2016, implementing the Fair Pay and Safe Workplaces Executive Order.

Controversial Disclosure Rules for Federal Construction Contractors Set to Become Law

Two years in the making, the final rules have been released for the Fair Pay and Safe Workplaces Presidential Executive Order and they're causing a stir in the construction industry. Professional construction organizations are more than concerned that the rules, reporting demands, responsibilities, and potential liability threaten to limit — or eliminate — the ability of small contractors to compete for federal projects and will make it too costly and cumbersome for larger firms to compete.

Direct vs. Indirect Costs in Government Contracting

When a government contractor incurs an expense, it is either a direct expense that can be identified with a specific cost objective or it is an indirect expense that benefits multiple cost objectives or the company as a whole.