Government Contract Accounting and 7 Top Practices for Time and Time Reporting Time and time reporting is one of the main ways that government contractors get their revenue and profits. Making a mistake with time and time reporting may have negative effects on their...
A Look at How to Provide Rates for Government Contracts Your COA, or Chart of accounts, is your company’s financial blueprint– containing all your financial transactions in a given year, broken down into meaningful categories. It helps you organize...
Working as a government contractor involves navigating a host of regulatory requirements—and learning all the acronyms that go with them. One of those acronyms is PBR, or Provisional Billing Rate. PBR is a critical step for contractors with cost-reimbursable and Time...
Recent decisions made by the Government Accountability Office (GAO) and the US Small Business Administration’s (SBA) Office of Hearings and Appeals (OHA) may affect how your corporate transactions influence your eligibility for a government contract you’ve recently...
In a recent development in the field of government contracting, a group of freight carriers contracting with the US Department of Defense (DoD) has agreed to pay $6.85 million after deliberately overcharging the DoD for seven years. While this is obviously a very...
Even if you’ve been in the contracting business for some time, submitting your first proposal for a government contract is a different kind of challenge. There are very strict requirements for your proposal, and if you don’t meet them, it will be very quickly...
