by Brandon Lee | May 6, 2020 | Blog
Contracting office or DCMA conducts Pre-award survey to consider responsibility of prospective contractor. Design of the DCAA Accounting system is part of the Pre-award survey (SF 1408 Criteria) DCAA requested to evaluate design of Accounting system Preaward...
by Brandon Lee | Apr 9, 2020 | Blog
COVID-19 PPP, FFCRA GUIDANCE: As many of you prepare for taking PPP (Paycheck Protection Program) funding and have to deal with the FFCRA (Families First Coronavirus Response Act) sick leave requirement, many are asking how to account for this in your accounting...
by Brandon Lee | Apr 2, 2020 | Blog
On April 30, 2019, DOD published a final rule, regarding contract closeout authority, effective immediately, amending the DFARS (Federal Acquisition Regulation) to implement Section 836 of the 2017 NDAA. Section 836, as further amended by Section 824 of 2018 NDSS,...
by Brandon Lee | Mar 12, 2020 | Blog
On April 30, 2019, DOD published a final rule, effective immediately, amending the DFARS (Defense Federal Acquisition Regulations) to implement Section 836 of the 2017 NDAA. Section 836, as further amended by Section 824 of 2018 NDSS, authorizes the Secretary of...
by Brandon Lee | Mar 2, 2020 | Blog
On February 15, 2019 DOD issued a final rule, effective immediately amending the DFARS to implement the requirement for contractors to complete Level I anti-terrorism awareness training. On August 24, 2018, DOD issued a proposed rule that created a new subpart...
by Brandon Lee | Feb 10, 2020 | Blog
February 12th, from 4:30-6:00pm at the Pinery at the Hill, featuring our very own Lisanne McNew! Presented by Phil Long Dealerships and the Colorado Springs Business Journal. Meet 12 movers and shakers, people who get it done, who know business inside and out. Our...
by Brandon Lee | Jan 22, 2020 | Blog
Okay, so you’ve just been awarded a cost reimbursable contract, and in reviewing the contract, you discover the FAR (Federal Acquisition Regulation) Clause 52.216-7 Allowable Cost & Payment, in Section I Contract Clauses. So what exactly is this clause and what...
by Brandon Lee | Jan 10, 2020 | Blog
An Incurred Cost Submission is a proposal containing your actual incurred costs for the most recently completed contractor fiscal year. The proposal contains actual costs for both direct costs (labor, material, travel, subcontractors, etc.) as well as indirect costs...
by Brandon Lee | Jan 7, 2020 | Blog
Understanding these concepts will help you protect profits and give you the ability to negotiate new contracts effectively and competitively. Being correct and consistent in how you categorize expenses helps you effectively monitor escalating costs or eroding...
by Brandon Lee | Dec 24, 2019 | Blog
Here’s wishing you a Merry Christmas, Happy Holidays, and a wonderful New Year from the McNew & Associates team. We had an amazing time celebrating with our team and clients this holiday season! (who says DCAA Accounting and Compliance can’t be fun?)...
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