Look Them Over One More Time - Top Six Government Contracting Blogs of 2020
Knowledge about the basics and a better understanding of current industry hot topics occupied the screens of many government contractors in 2020. From a review of the building blocks for Federal Acquisition Regulation (FAR) and Cost Accounting Standards (CAS) compliance and the rollout of Cybersecurity Maturity Model Certification (CMMC), to the debut of Costpoint 8, asserting a federal bid protest and small business insights from the 11th Annual Deltek Clarity Government Contracting Industry Study, preparation through information was the content most sought after by government firms. Look back at Deltek’s most popular government contracting blogs for 2020 to learn some new approaches that could make your business more effective, efficient and compliant in the new year.
Building Block Basics for FAR and CAS Compliance
Whether you are taking your first steps as a government contracting or have a Ph.D. in RFPs (request for proposals), chances are some of the first agency acronyms you filed away for future work are FAR (Federal Acquisition Regulation) and CAS (Cost Accounting Standards). The first deals with allowability, what you can and cannot charge the government through a contract. The second deals with allocability, how you charge to contracts, what gets charged to which contract, accounting system requirements, and cost flowdowns. Understanding the details behind both FAR and CAS are important building blocks for any government contractor’s compliance strategy. Take a few moments to peek behind the curtain of each and learn where you can access additional resources to help ensure compliance readiness.
CMMC Efforts Not Slowing Down, Steps for Preparation
One thing that is certain in these uncertain times is that the Department of Defense (DoD) is moving forward with its plans for Cybersecurity Maturity Model Certification (CMMC). Though the onset of COVID-19 has somewhat slowed assessment program efforts and the subsequent training involved, the goal to protect Federal Contract Information (FCI) and Controlled Unclassified Information (CUI) remains intact. As the DoD supply chain continues preparation efforts, many organizations are exploring how cloud service providers (CSPs) can help support their CMMC requirements. Read on for preparation steps to consider.
Costpoint 8 is Here! Experience the Evolution
The wait is over! After making its debut during Virtual Deltek Insight 2020, Deltek Costpoint 8 is now officially available! With so many new features to explore, like smarter automations, a fully digital source-to-pay process, Intelligent Time & Expense, and artificial intelligence (AI) analysis capabilities, it is hard to pick a place to begin. Hear from Deltek Vice President of Product Marketing Brian LaMee as he spotlights what users can expect, and how you can experience Costpoint 8 for yourself.
Top Three Accounting Challenges Paining Small Businesses
Time for some honest answers. How long could your business operate without receiving contract payments? What if you couldn’t generate an invoice because your timekeeping solution is non-government compliant? Could you make payroll if a payment suspension froze your line of credit?
These questions are an example of day-to-day worries faced by many small companies with government contracts. It’s no secret that software solutions purpose-built for the specialized needs of government contractors have long enabled them to enhance regulatory compliance and increase cash flow, but for many smaller firms, the cost and information technology (IT) resources necessary for these solutions can be prohibitive. Review the top accounting challenges that can impact a small firm’s day-to-day, and get the answers they need to help keep the government as their client.
Four Things Not to Do When Asserting Federal Bid Protest
In today’s competitive government contracting market, bid protests are a feature of many procurements. Whether you are asserting a bid protest, hoping to overturn an award to another contractor and obtain the contract you want, or defending against a protest brought by one of your competitors, a thorough understanding of bid protest processes and procedures is necessary for success. As an experienced government contracting attorney, I have assisted numerous clients in asserting and defending bid protests. Unfortunately, I see contractors make the same mistakes over and over again. Outlined below are some of the most common mistakes, misconceptions and myths regarding protests. Learn what not to do in federal bid protests!
Five Small Business Insights from the 2020 Clarity Government Contracting Report
Small businesses made their voices heard in the 11th Annual Deltek Clarity Government Contracting Industry Study. With nearly half of all participants claiming small business status, they provided valuable insights into the trends and challenges affecting strategy and opportunity in the months and year to come. Review the five most impactful results that could help set your business apart.
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