by GovCon365 | Apr 16, 2020 | Blog, Compliance, DCAA
SUMMARY: The SF 1408 pre-award survey functions as a critical evaluation tool for the Defense Contract Audit Agency (DCAA) to verify that a government contractor’s accounting system can accurately accumulate and allocate costs before a contract is awarded....
by GovCon365 | Mar 24, 2020 | Blog
SUMMARY: The Service Contract Act (SCA) mandates that federal contractors and subcontractors performing services within the U.S. on contracts exceeding $2,500 must compensate employees with locally prevailing wage rates and fringe benefits to ensure fair labor...
by GovCon365 | Feb 28, 2020 | Blog, FAR, Government Contracting
SUMMARY: Government contractors must combine specialized accounting knowledge with DCAA-compliant technology to navigate complex federal regulations and ensure perpetual audit readiness. Acquire Specialized Knowledge: Accountants in this sector need specific expertise...
by GovCon365 | Jan 30, 2020 | Blog
SUMMARY: Government contractors can significantly increase their bid success rates by implementing a disciplined proposal lifecycle that rigorously aligns internal capabilities with specific Request for Proposal (RFP) requirements. Accurately assess business...
by GovCon365 | Dec 26, 2019 | Blog, DCAA, Government Contracting
SUMMARY: Government contractors must strictly adhere to volatile federal accounting regulations and maintain constant audit readiness to ensure compliance and avoid costly operational disruptions. Accounting standards for contractors are denser and more erratic than...
by GovCon365 | Dec 19, 2019 | Blog, Compliance, DCAA
SUMMARY: Government contractors achieve DCAA compliance and eliminate operational errors by transitioning from traditional paper timesheets to versatile electronic time-tracking systems. Cloud-based platforms allow off-site employees to log direct or indirect hours,...
