April 29

How the Pre-Award Survey Can Help a Government Contracting Business Rebound from the Disruption of COVID-19

Reading Time: 8 minutes   Although 2020 has become a popular punchline, it was filled with tragedy and stress for many business owners. As we begin to approach normalcy, many businesses remain focused on post year-end guidance detailing how to account for the consequences of the pandemic and subsequent fiscal response from the federal and state governments, which will.

February 14

Building a Government Shutdown (& Recession) Resistant Government Contracting Business

Reading Time: 7 minutes     Although government contracting work is often considered low risk, this industry is not without risk as many contractors experienced at the beginning of this year. December 22, 2018 marked the first of 35 days in the partial government shutdown, by far the longest government shutdown in recorded history. Nearly 800,000 federal workers and.

June 6

Incurred Cost Submissions: The Countdown to June 30th

Reading Time: 3 minutes   For most of us, June is a time for rejoicing! The pool is open, school is almost out, your summer vacation is on the horizon and you can’t wait to tear open that new bag of charcoal for Saturday afternoon’s cookout. However, if you are a government contractor with a December 31st year end,.

November 20

Government Contractor Performance

Reading Time: 2 minutes     As consultants and business advisors to companies in the government contracting arena, we are often asked by our clients: “How are we doing?” These clients are well aware of their profitability, their backlog, and the challenges that they face. What they want to know is how they compare with their competition and how.

May 20

Cost Allocation Methods for Government Contractors

Reading Time: 3 minutes One of the unique burdens for many businesses contracting with the federal government is the requirement to prepare and submit an incurred cost submission (ICS) within six months after the close of the fiscal year. This requirement is mandatory for contractors providing services on cost plus type contracts in excess of $25,000 and is frequently.