Cost and Pricing
Deficiencies to look for in your Cost or Pricing Data INQUIRY: How do I determine if my cost or pricing data is adequate, or not deficient? RESPONSE: There is no set formula for determining when cost or pricing data is deficient enough to be reported to the contracting officer by
INSPIRATIONAL CORNER
A highlight from Vibrant Life magazine, with comments from Paul Sr. Most people experience less leisure and more daily stress as they juggle work and career, family, and friends. In spite of life’s demands, there are some simple, effective steps that can be taken to ease up on daily
Cost and Pricing
Inquiry – How does one apply the non-manufacturing rule when most manufacturers of IT products for example are large and the resellers are small? Response – The non-manufacturing rule, found in part 19 of the Federal Acquisition Regulation (FAR), is complex, often confusing and difficult to properly apply. The definition of the
Cost and Pricing
PART 2 This PART 2 is a continuation of the information shown under PART 1. Interest has been increasing with many members on this topic. I have been receiving increasing requests for information pertaining to the cost, pricing, and audit considerations for JV's and TA's as
The DCAA and You
Overview - Paul, I am an audit consultant doing some benchmarking. I came across your web site via a web search. You have a lot of useful information on your site. Might you be able to provide some guidance on the following 5 queries? 1. Query: When the DCAA reviews
Cost and Pricing
Joint Venture (JV), Teaming Agreement (TA), and Special Business Units (SBU's) Audit, Cost and Pricing Considerations? PART 1 Interest has been increasing with many members on this topic. I have been receiving increasing requests for information pertaining to the cost, pricing, and audit considerations for JV's
Cost and Pricing
Since there are so many variables that go into estimating costs and due to uncertainty, you should compare your estimates to your actual costs. Why? Well, first of all the auditors most likely will and you want to be prepared to respond to any questions. However, it is sound business
Cost and Pricing
INQUIRY: I attended the 2-day cost seminar about 6 months ago. I want to join your monthly service. Customer has come to our place and performed an audit - I think we did GREAT! Now Customer wants a financial capability on our company to sustain a $2 million contract...can
The DCAA and You
In an earlier article, we discussed that Quick Books Pro as part of a documented and controlled accounting process with trained accountants can be made DCAA Compliant. For the question above “will DCAA approve your accounting system?” the answer is “No”, because DCAA doesn’t approve any accounting system. Even
Cost and Pricing
Note: Because government guidelines and requirements are constantly revised, Please check all references and numbers cited for any applicable revisions. Inquiry: I am trying to determine if I can use the excess vacation hours we pay an employee in the calculation of the H&W rate. The contracting officer
Cost and Pricing
If you are like most start-up government contractors, you’re using Quick Books Pro for your accounting software. 1) Can Quick Books Pro (QBP) be DCAA Compliant? 2) Will DCAA approve your accounting software? 3) How long will I be able to use QBP for my accounting system? The answers
Cost and Pricing
INQUIRY: I was given your address by our President. We are in the middle of writing a proposal to FEMA, and in the RFP, it’s requesting : “copies of our most recent audited Indirect Rate Agreement.” Are they speaking of our last Financial Audit, and proof how we arrived at
