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Government agencies use the Request for Proposal process to find the best available solution to their needs at the most competitive price. In competitive bidding, an agency has a duty to reject proposals that are non-responsive or that fail to comply with the invitation to bid in a material way. This promotes objectivity and fairness…

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Government agencies use the Request for Proposal process to find the best available solution to their needs at the most competitive price. In competitive bidding, an agency has a duty to reject proposals that are non-responsive or that fail to comply with the invitation to bid in a material way. This promotes objectivity and fairness…

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Is your proposal in response to a federal Request for Proposal thorough, accurate and complete? If not, chances are high that you will be eliminated from competition – which represents a waste of time and opportunity for you and a corresponding waste of time for the contracting agency. Contracting agencies use the RFP process to…

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Doing business with the government can be lucrative, but it requires compliance with a litany of complex laws and regulations impacting your day-to-day business operations. Complying with federal prevailing wage law requirements is one of the biggest headaches for many government contractors. Two primary laws govern how much you are required to pay employees and…

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In this episode, Robert spoke with Michael LeJeune from RSM Federal about implementing a DCAA approved accounting system for government contracting. Robert does an excellent job of breaking down exactly what a DCAA approved accounting system looks like as well as what it takes to get your system approved. We think this episode will make…

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We often receive questions regarding the amount of allowable rental costs between related parties. Rental costs are normally allowable to the extent they are reasonable and allocable. In an effort to reduce operating costs, small business owners often purchase a building under a separate entity and lease it back to the government contracting entity at…

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Has your prime or contracting officer told you that you need an approved or adequate accounting system before your next award? What exactly is an approved or adequate accounting system? In the world of government contracting, most people think of DCAA-approved accounting systems. There are a few misnomers in that statement: DCAA does not approve…

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What are your current profit margins on government contracts? Are you still bidding a fee of 6% to 10%? Many contractors think they must accept low profit margins on government contracts. Not true! FAR 15.404-4(a)(3) clearly states, “Both the Government and contractors should be concerned with profit as a motivator of efficient and effective contract…

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Do you want to know how to calculate indirect rates for government contracts? Are you looking for an indirect rate calculator to verify your current rate structure? Check out our indirect rate calculator – an Excel tool designed for ease of use. Simply enter totals from your existing GL reports (Income Statement or Statement of…

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Join me in Norfolk as I present NCMA’s “Subcontract Management from A to Z” on May 15, 2015. Click the image below for the PDF or this link for full details.    

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