Posted on January 31, 2010 by pvbs01
Charlie Bonuccelli is a Principal with the Argy, Wiltse & Robinson, P.C. (Argy), public accounting firm. For the past 30 years, Charlie has assisted clients in dealing with a full range of federal government contract accounting and administrative issues including reviews of labor and accounting systems, internal controls over government contracts, claims and equitable adjustments, termination settlement proposals, litigation consulting, bid protests, estimating systems reviews, FAR Part 31 cost principles, Cost Accounting Standards and strategic planning.
He wrote a pretty compelling article for us on Compliance For Profit: Hiring the Right Compliance Staff. There’s some great content to ensure that your staff is tip-top and optimal for your needs.
For most companies, it is easy to understand how hiring technical staff can enhance the profitability of the company. Such staff can improve customer relations, job performance and company reputations. The same can be said for hiring rainmakers, who have marketing skills and networks that increase opportunities for new work, but for indirect staff, like compliance staff, companies often see them as a burden that add little value. The reality is that indirect staff can directly affect the performance of government contracts and can enhance profitability or hurt the bottom line.
The rest of the article can be found here.
Filed under: Compliance, Government Contractors, Hiring | Tagged: Dynamics NAV for Government Contractors | Leave a Comment »
Posted on January 25, 2010 by pvbs01
Our friend over at Set-Aside Alert, Managing Editor Warren Corbett, Managing Editor, had a good take on some recent news on some efforts by the government to try and bring more work in-house. Insourcing. We’ll see.
Civilian agencies will be required to create an inventory of their service contracts and evaluate whether some of the work should be insourced. The provision is part of the 2010 Consolidated Appropriation bill that has passed both houses of Congress and was awaiting President Obama’s signature at press time. Section 743 of the bill requires the annual inventory and directs agencies to “evaluate whether it makes sense to bring the work performed by the contractor ‘in house,’” according to a summary released by the House Appropriations Committee.
The rest of the article is here.
Filed under: Federal Government, Government Contractors | Tagged: government contractor | Leave a Comment »
Posted on January 13, 2010 by pvbs01
Critical Management Challenges for High-Growth Government Contractors
This is the first in a series of articles presented by the Government Contractor Practice of Tatum, LLC designed to offer real-world strategies for mastering these three competencies. Too often, they represent roadblocks to growth and long term success. Helping companies overcome critical challenges begins by identifying key issues, describing why they are important, and offering solutions based on experience. These are key steps towards successful growth.
Many Government Contractors are completely dependent on winning federal, state and local contracts for survival and growth. Since the ultimate objective is new business, companies must allocate their bid & proposal, marketing and internal R&D budgeted funds wisely to successfully pursue multiple procurements. However, in our experience, many companies bid on everything that shows up on their radar screens, taking a shotgun approach that drains B&P funds and human resources. In other situations, companies bid without a full understanding of the client and/or the contract requirements. Special Report Contracts Cash Flow Controls.
Filed under: DCAA, FAR, Federal Government, Government Contractors, Project Accounting | Tagged: contracts, controls, Government Contractors, Project Accounting | Leave a Comment »
Posted on January 12, 2010 by pvbs01
We attended a compelling and interesting presentation on “Current DCAA Initiatives” this morning at the Institute of Management Accountants Breakfast Meeting in Tyson’s. Maria A. Davey, Branch Manager of the Reston DCAA Branch Office touched on the following modifications:
- Audit Guidance on the Status of Contractor Systems of Internal Controls as Documented in the Contractor Organization and Systems and Scope of Audit Sections of Audit Reports, MRD 09-PAS-021(R), dated October 22,2009.
- Audit Guidance on Review of Dependent Health Benefit Costs, MRD 09-PSP-016(R), dated August 24, 2009
- Audit Guidance on Federal Acquisition Regulation (FAR) Revisions Related to Contractor Code of Business Ethics
- MRD 09-PSP-011(R), dated June 30, 2009 Audit Guidance on Performing Audits of Subcontract Forward Pricing Proposals
- MRD 09-PPD-006(R), dated April 15, 2009 Audit Guidance on Approving and Rescinding Contractor’s Authorization to Participate in the Direct Bill Program for
Filed under: DCAA, FAR, Federal Government | Leave a Comment »