Government Contractors
Understanding How to Bid on Government Contracts: A Guide for Government Contractors
Summary of Keypoints Government contracts offer stable, long-term growth opportunities: Bidding on government contracts provides reliable, publicly funded revenue, multi-year stability, enhanced credibility, market expansion, and opportunities for innovation and research. Successful bidding follows a structured, step-by-step process: Contractors must research opportunities (SAM.gov, agency sites), understand RFP and FAR requirements, develop strong technical and cost…
Read MoreList of the Best DCAA Approved and Compliant Accounting Software Systems
Summary of Keypoints DCAA-compliant accounting software is essential for government contractors: These systems support audit readiness, FAR and CAS compliance, accurate cost allocation, transparent reporting, scalability, and reduced risk of penalties or lost contracts. Core features define DCAA compliance: Required capabilities include a compliant general ledger, detailed cost accounting for direct and indirect costs, approved…
Read MoreA Complete Government Contract Compliance Checklist: A Guideline for Success
Summary of Keypoints Compliance is a competitive advantage in government contracting: Adhering to FAR, CAS, labor laws, cybersecurity standards, and contract-specific requirements helps contractors win contracts, avoid penalties, ensure smooth operations, and build long-term trust with government agencies. Core compliance areas span finance, labor, ethics, and cybersecurity: Contractors must maintain a DCAA-compliant accounting system, properly…
Read MoreWhat is an Adequate Accounting System for Contract Proposals?
Summary of Keypoints An adequate accounting system is foundational to government contract success: It supports compliance, audit readiness, accurate cost proposals, financial transparency, and strengthens competitiveness during the bidding process. Compliance and cost accuracy are primary objectives: The system must meet FAR and DCAA standards, precisely track and allocate direct and indirect costs, and support…
Read MoreWhat is a Forward Pricing Rate Proposal and Why is it Important?
Summary of Keypoints A Forward Pricing Rate Proposal (FPRP) is a forecast of future indirect rates: It projects overhead, G&A, fringe, and labor rates for a defined future period and is submitted to agencies like DCMA to support government contract negotiations. FPRPs are central to fair contract pricing and negotiations: They establish cost realism and…
Read MoreCompliance as a Growth Driver: Accounting for Commercial and Government Funded Contracts
Summary of Keypoints R&D-focused companies often rely on both commercial and federal funding, which creates complex accounting and compliance obligations under GAAP, IRS rules, and federal regulations tied to how the funding is awarded. Federal funding compliance varies by mechanism: Grants and cooperative agreements are governed by 2 CFR Part 200, with strict requirements around…
Read More10 Benefits of Outsourced DCAA Accounting Services
Summary of Keypoints Outsourced DCAA accounting services help government contractors maintain strict compliance with Defense Contract Audit Agency requirements, reducing audit risk while supporting long-term growth and competitiveness. Access to specialized, on-demand expertise allows companies to leverage deep government contracting knowledge without the cost and rigidity of hiring full-time in-house DCAA specialists. Outsourcing improves efficiency,…
Read MoreWhat Does It Take to be DCAA Compliant? 5 Things You Need to Know
Summary of Keypoints DCAA compliance exists to protect taxpayer funds and ensure accountability in Department of Defense contracts, requiring contractors to maintain accurate, transparent, and well-documented financial systems and reports. A DCAA-compliant accounting system is foundational, including proper segregation of direct and indirect costs, compliant timekeeping, consistent cost accumulation and allocation methods, and identification and…
Read MoreContract Briefs & Provisional Billing Rates: Paving the Way for Financial Success in Government Contracting
Summary of Keypoints Contract Briefs and Provisional Billing Rates are foundational tools in government contracting, supporting both compliance and financial performance by aligning contract requirements with effective cost management and cash flow practices. Contract Briefs act as a strategic contract roadmap, summarizing key terms, compliance obligations, risks, performance benchmarks, and resource needs to improve clarity,…
Read MoreStrategic Vigilance: Monitoring Subcontracts in Government Contracting
Summary of Keypoints Prime contractors are responsible for active subcontractor oversight, making subcontract monitoring a strategic necessity to ensure compliance, performance, quality, cost control, and protection of company reputation in government contracting. Key monitoring areas include compliance, performance, cost, quality, and security, as subcontractor failures in any of these areas can lead to penalties, audit…
Read More