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Received a DCAA Audit Letter? Don’t Panic!

For government contractors, auditing is a matter of when – not if. Yet many contractors still panic when they receive the inevitable audit request from the Defense Contract Audit Agency. If you have been preparing from the start of your contract, you should be in good shape to withstand an audit. Yet, even if you…

Begin Planning Today for DCAA and DCMA Contract Reviews

The minute you sign a contract with an agency of the federal government, one thing becomes certain: you will be audited. In fact, depending on your contract, you may undergo several types of contract, proposal, or business system reviews or audits. A wide body of continually changing federal regulations affect how the government ensures that…

Outsource Your Incurred Cost Proposal

Congratulations! You Submitted Your Incurred Cost Proposal. But is it Adequate? If your company has flexibly priced or time-and-materials federal contracts that contain the Allowable Cost & Payment clause (FAR 52.216‐7), you are required to file an Incurred Cost Proposal (also known as an Incurred Cost Submission) within six months of the end of your…

Cybersecurity Best Practices for Small Business Contractors – Part 3

Part 3:  Essential Information Security Policies Now that you have an understanding of the rules, what systems must be covered and security tools you can use to comply, it’s time to consider policies. Keep in mind that your investment in security tools can be rendered useless without appropriate policies and training in place to require…

Cybersecurity Best Practices for Small Business Contractors – Part 2

Part 2:  Covered Systems and Security Tools In the 21st century, broadband networks and information technology have become powerful tools for small businesses. They help business reach new markets and increase sales and productivity. However, the same technology that powers business improvement is vulnerable to attack. Businesses must implement the best tools and tactics to…

Cybersecurity Best Practices for Small Business Contractors – Part 1

Part 1: New Rules Go Into Effect December 31. Federal government agencies rely upon external contractors to carry out a wide range of functions. Many contractors have access to sensitive data that could, if compromised, potentially reveal classified information, threaten national security or even put lives at risk. As a result, cybersecurity is a critical…