Designed for those currently or anticipating being involved with Government Contracting, Cost & Pricing, Bid & Proposal, DCAA, DCMA, FAR, Contract Administration, Accounting, or related issues Tools You Need and Should Have in your Tool Box! Don't Wait - Get Them Now! - You Will Be Glad You
Cost and Pricing
INQUIRY: Hi Paul, Can you explain the difference of putting travel and client expenses into B&P versus G/A? Look forward your response. Thanks. RESPONSE: B&P (Bid and Proposal) expenses for travel and client related expenses are typically for costs incurred during the Proposal Phase of
The DCAA and You
Are you a Prime or Subcontract doing business or hoping to do business with the government? Well, there are several important checklists you should have in your Tool Chest, alongside the tools we provide. There are others, but we must start somewhere. And they’re free! Really Free? Well, since
Cost and Pricing
Applying G&A on Subcontract Cost under T&M Effort - Beware of the Fine Print! INQUIRY: This question is related to a specific solicitation that says fee cannot be added to subcontract (subcontract) costs by the Prime. The solicitation also called out FAR 52-232-7 for pricing this
Other Items of Interest
Added Notes by Paul Gunn: If you read carefully, you will see the types of things that go on behind the scenes that few are aware of. We would hope people are honest and full of integrity, and many are. But there are so many that aren’t. Few things
The DCAA and You
Audit Alert on Allowability of Lodging, Meals and Incidental Expenses under FAR 31.205-46, Travel Costs Added Notes by Paul Gunn: Understand that when an audit alert or similar notice is issued as an “Emphasis” on existing guidance, AND it is being issued directly to auditors, this typically means that
The DCAA and You
Update on Audit Guidance Regarding Unallowable Costs for Ineligible Dependent Health Care Benefit Costs. From the Director of Defense Pricing (DDP) to the Directors of DCAA and DCMA regarding unallowable costs for ineligible dependent health care benefits. The DDP memorandum states that costs incurred for ineligible dependent health care are
INSPIRATIONAL CORNER
The greatest want of the world is the want of men * Men who will not be bought or sold, * Men who in their inmost souls are true and honest, * Men who do not fear to call sin by its right name, * Men whose conscience is as true to duty as
Cost and Pricing
INQUIRY: Dear Paul,Truly enjoyed your class last Tuesday...thank you.The SBA office and I were discussing a proposal I'm working and it was suggested I email you with the problem I'm having. The problem is how to price because I'm not sure
Cost and Pricing
INQUIRY: I have seen different options for developing Wrap Rates or Multipliers using compounding factors. Is there a difference in the resultant Wrap Rate or Multiplier based on a firms choice to compound using a base for the Overhead Pool of either 1) Direct Labor or 2) Direct labor + Fringe
The DCAA and You
Are government accounting system requirements only applicable for Cost Reimbursement Type Contracts? This is a widely misunderstood concept. Many contractors feel that they do not have to worry about audits since they do not have any cost plus fixed fee (CPFF) type contracts. Others feel that since their contract(s)
INSPIRATIONAL CORNER
“Truly the light is sweet, and a pleasant thing it is for the eyes to behold the sun” Ecclesiastes 11:7 Here is some interesting information I hope should get you outside a little more, even in the winter! Some of the many benefits of Sunlight: 1. Increases circulation. 2.
