Navigating the intricacies of government contracting can be daunting, especially when it comes to understanding compliance requirements like the DCAA pre-award audit. The Defense Contract Audit Agency (DCAA) plays a crucial role in ensuring that government contractors adhere to federal…
Read More
Navigating the world of federal contracting involves more than just managing budget. It also requires a keen understanding of what expenses can and cannot be reimbursed. Unallowable costs are those expenditures that federal agencies will not cover, as defined by…
Read More
Trends in Government Contracting: What You Need to Know Government contracts are a vital sector of the economy that provide services and goods to federal, state, and local agencies. It is a great way for businesses to secure long-term contracts…
Read More
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…
Read More
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…
Read More
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…
Read More
Financial Forecasting Techniques for Small GovCons: Ensuring Long-Term Success For small government contractors, financial forecasting plays a crucial role in decision-making, risk mitigation, and planning for sustainable growth. In this blog post, we will explore essential financial forecasting techniques that…
Read More
Financial Strategies for Government Contract Start-Ups: Setting Up for Success Government contracts offer lucrative opportunities for start-ups to grow their business and secure stable revenue streams. However, entering the government contract sector requires careful financial planning and strategic decision-making. In…
Read More
What You Need to Know About DCAA and FAR Compliance DCAA stands for Defense Contract Audit Agency, while FAR stands for Federal Acquisition Regulation. Both DCAA and FAR are critical components of government contracting, and compliance with them is necessary…
Read More
8(a) Business Development Program As a government contractor, the road to success is not always easy, but is well worth it. The industry offers opportunities for growth to businesses of any size. As a small business though, there are programs…
Read More