6 Things Every Government Contractor Should Know Becoming a government contractor and growing a small government contracting business comes with its unique set of challenges and considerations. 1. Understanding the Federal Acquisition Regulation (FAR) The FAR is a crucial set…
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10 Reasons Why Job Cost Accounting is Important for Engineering Many professional service industries work on a contract or project basis. Knowing how much each client or project brings to the equity of the firm is paramount. Basic accounting will…
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Cash Management As a business owner, you truly have an understanding of the saying ‘cash is king.’ Cash is the lifeline of any business. It is a vital component, ultimately impacting a business’s financial stability and success. Without it, your…
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The Basics About Calculating Small GovCon Business Size So you want to become a government contractor? Calculating the size of your small GovCon business is a crucial step in government contracting. The U.S. government has established size standards to define…
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