Government Contracting

Given the volume of Department of Defense (DoD) audits that have transpired over the course the past two fiscal years, one message is loud and clear – defense audits should be recognized as an annual exercise. Paying close attention to business systems is vital for Defense Contract Audit Agency (DCAA) and Defense Contract Management Agency (DCMA) compliance. Review what contractors and manufacturers need to know to shore up their audit readiness.

Once upon a time, the Department of Defense (DoD) was unable to account for its assets in the possession of government contractors. Thus, item unique identification (IUID) was born. IUID is integral to the management and tracking of government property, specifically serially-managed assets. But, what is the tracking methodology, how are audits conducted, and what are the implications for a lack of preparedness? Walk through the basics with Deltek partner Peter Collins, founder and CEO of A2B Tracking.

Finance and financial compliance leaders entered 2020 riding a wave of optimism, with healthy revenue growth and profit margins. A foundation that proved vital as the United States began to grappled with COVID-19. Keeping eyes on profitability and cash flow, many leaders made addressing disruptions in financial health their new benchmarks for success. See how they plan to run a tighter ship to navigate through uncertain waters into 2021.

With nearly $3 trillion in U.S. military assets audited in 2018 and 2019, the Department of Defense (DoD) has made it clear that defense audits should be classified as an annual exercise rather than an occasional review. Prepare with some basics of DCAA and DCMA audit readiness and valuable tips on compliant asset management.

Manufacturing does not have to be the primary source of profit for government contractors, but if it’s not managed with the three pillars of success in mind, it could invite increased scrutiny from contracting agencies. Learn what it means to “get it right” in the areas of engineering services or discrete manufacturing through the tenets of quality, traceability and efficiency.

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, the goal to protect Federal Contract Information (FCI) and Controlled Unclassified Information (CUI) remains intact. Explore how cloud service providers can be an important step with helping fulfill CMMC requirements.

Government contractors are starting to see audit notifications from the Defense Contract Audit Agency (DCAA) as they enforce new accounting system compliance requirements. What can firms expect from these audits, when will they be informed and how can they best prepare? Partner expert Baker Tilly helps fill in a few blanks on the new rules of the road.

For government contractors that have a pending contract award, or are considering bidding on a contract with the Department of Defense (DoD), the department’s new Integrated Program Management Reporting (IPMR) requirement is a significant change in earned value management (EVM) reporting. Deltek expert partner BDO provides some answers to topline questions about Integrated Program Management Data Analysis Report (IPMDAR) and keeping compliant.

Whether you are taking your first steps as a government contractor 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). Peek behind the curtain for each to gain some important compliance readiness tips and resources.

Compliance was the hottest blog topic for 2019. Look back at some of Deltek’s most reviewed posts, covering everything from Defense Contract Audit Agency (DCAA) and Defense Contract Management Agency (DCMA) audits, procurement software benefits and FAR and GSA compliance to better understand the compliance rules of engagement for 2020.