McNew & Associates works with each client on a day-to-day basis, communicating frequently and clearly to help them through DCAA audits, manage contracts, and properly price each proposal. The staff at McNew & Associates is comprised of former DCAA auditors and contracting officers giving the professionals you work with a wealth of knowledge and experience. Our staff translates these years of experience on both sides of contract compliance to assist our clients in becoming effective and efficient competitors. These services are offered on an hourly basis as the need for them arises.
The Defense Contract Audit Agency (DCAA) is the contract auditing arm of the U.S. Department of Defense under the authority, direction, and control of the United States Under Secretary of Defense (Comptroller). The DCAA also provides accounting and financial advisory services regarding contracts and subcontracts to all DoD Components responsible for procurement and contract administration. Most, if not all, Government contractors will undergo a DCAA audit at some point during their contracting lifetime.
The Federal Government has recently asked for greater transparency and a concentrated effort to identify fraud, waste and abuse. This new focus has resulted in an increased need for Government contractors to endure a DCAA audit of proposals and accounting systems. In turn, contractors are required to expend significant time and resources to ensure full DCAA compliance to avoid the repercussions of a failed DCAA audit. This adds yet another level of bureaucracy which contractors must contend with. We can perform a compliance audit to find out where you are not meeting regulations and our government contract consultants will help you make the necessary changes to become compliant.
Government Contract Compliance involves the entire acquisition lifecycle from Business Development to Contract Closeout. These compliance requirements involve pricing, estimating, accounting, contracting, purchasing, and post award administration efforts. These requirements are further impacted by outside influence such as Growth Opportunities, Changing Regulations, and Competitors.
Today, government contractors face a variety of unique challenges resulting from the current administration’s focus on transparency, accountability, and oversight, and the regulatory changes that will soon follow. As a result, the cost and risk of doing business with the government is on the rise at a time when contractors are feeling the impact of increased competition on already thin margins. Now more than ever, contractors need a trusted advisor with solid strategies that maximize cost recovery and profits, while focusing on compliance, in order to keep pace with the rapidly changing regulatory environment.
The recent increase in Government transparency and continued contract oversight requires contractors to take a more thorough and proactive approach toward Government contract management. All Government contract management functions must be in full compliance with the FAR, DFARS, CAS, and DCAA audit objectives. Government contract management is simply the management of contracts with federal, state, and local customers and vendors. Government contract management is the management of the full contract lifecycle.