Allowable costs are expenses that the government deems necessary, reasonable, and directly related to the contract. In contrast, unallowable costs are expenses that cannot be reimbursed or included in the cost base of a government contract. Negative consequences can...
Understanding the provisions mentioned in the FY 2023 NDAA is essential for small and large government contractors to benefit from contracting opportunities and uphold compliant systems. President Biden signed the FY23 NDAA into law in December 2022, providing $816.7...
On February 14, 2023, the Department of Defense (DoD), the General Services Administration (GSA), and the National Aeronautics and Space Administration (NASA) issued a final rule to amend the Federal Acquisition Regulation (FAR) to provide for accelerated payments to...
In today’s digital age, cybersecurity is of utmost importance, particularly for those who do business with the government. As a government contractor within the Defense Industrial Base (DIB) or someone who handles CUI, you must comply with the regulations and...
Government contracts can provide great financial benefits for businesses of all sizes, but they come with a significant level of oversight and regulations that must be adhered to. One of the most critical aspects of government contracting is ensuring audit readiness....
As a small business owner in the government contracting landscape, you already know that competition is fierce, and the stakes are high. But did you know that building strong relationships and networking can give you a competitive edge and set you up for long-term...
