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 [...]
This report must be submitted by all government contractors! Major Change: The VETS100 report has been replaced by the VETS-4212 report. Which contractors are covered by the VETS-4212 reporting requirements? All nonexempt Federal contractors and subcontractors with a contract or subcontract in the amount of $100,000 or more with any department or agency of [...]
Important Update 52.237-10 -- Identification of Uncompensated Overtime. As prescribed in 37.115-3 , insert the following provision: Identification of Uncompensated Overtime (Mar 2015) (a) Definitions . As used in this provision -- “Adjusted hourly rate (including uncompensated overtime)” is the rate that results from multiplying the hourly rate for a 40-hour work week by 40, and then [...]
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