Don’t say it…expense reports. Ahh the dreaded task of combing through all those lines of expense, looking for receipts, matching up cost, and asking yourself over and over again…where did these per diem rates come from? Unanet has an answer to that one… Can you say, “Rate tables?” Yes, this is the answer. No more [...]
Government Contractors who pay employee bonuses benefit by following a few key principles outlined in the Federal Acquisition Regulation (FAR). FAR compliance ensures that bonuses will be allowable and included in overhead rates. Your company overhead rate can change significantly if your company fails to follow FAR guidelines. Bonus amounts paid to employees should be [...]
With over three decades of experience, Costpoint has earned the trust of medium and large contractors. I was one of them, spending most of the last twenty-five years of my career running Costpoint for medium to large applications. What I didn’t know was the Costpoint is also affordable for small businesses! Here are a few [...]
KNOWING WHAT YOU DON’T KNOW IS THE FIRST STEP TOWARDS BEING A SUCCESSFUL GOVERNMENT CONTRACTOR - ACCOUNTING SYSTEM COMPLIANCE It has happened to all of us, something you didn’t know or didn’t think about turns into a big problem and you did not see it coming. We all know hindsight is 20/20 but today we [...]
Further guidance regarding cyber security compliance has been provided by Ellen Lord, the Defense Undersecretary for Acquisition, Technology, and Logistics. The January 1, 2018 deadline for being 100% compliant has been relaxed to now “the only requirement for this year is to lay out what your plan is” said Ms. Lord in a briefing given [...]
The Department of Labor issued a memorandum that increased the Health and Welfare Fringe Benefit (H&W) back in July. For any contracts issued after August 1, 2017 that are subject to the Service Contract Act (SCA), you need to be aware of the increased rates. The two notable increases are: SCA H&W Rate: $4.41 per [...]
Did you know that over the summer there was a class deviation to the definition of the micro-purchase threshold? Most people didn't! Unless you are keen on reading FAR Part 2 daily, you may have missed this deviation. Class Deviation- 2017-O0007, Increased Micro-Purchase Threshold. This clause deviation is effective on Sept 01, 2017, and [...]
General Services Administration’s new Transactional Data Reporting (TDR) rule states that contractors must electronically report prices paid by the federal government for goods and services purchased through GSA acquisition vehicles. (Interact.gsa.gov). GSA intends to gain market intelligence about pricing, while improving efficiency and reducing requirements that many contractors found challenging. TDR is significant not only [...]
Effective June 15, 2016, the DoD, GSA, and NASA issued a final rule “amending the Federal Acquisition Regulation (FAR) to add a new subpart and contract clause for the basic safeguarding of contractor information systems that process, store or transmit Federal contract information.” (Federalregister.gov). The new subpart FAR 4.19, Basic Safeguarding of Covered Contractor Information [...]
The General Services Administration’s Transactional Data Reporting (TDR) rule states that contractors must electronically report prices paid by the federal government for goods and services purchased through GSA schedules. Using a phased-in approach affecting select schedules, the TDR pilot program has corresponding reporting requirements that contractors must know. During the conversion from 72A reporting to [...]