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 if you purchase or subcontract anything under your government contract that you are subject to almost all the same rules as the federal government follows? By using your contract money to procure goods or services to support that contract, you are using taxpayer money that is subject to many rules and [...]
Your one-stop solution for getting government contract proposals out the door on time. There are a myriad of reasons for not meeting a proposal deadline. Some of the most common Arrowhead Solutions encounters is: The proposal becomes too big/complex for the in-house team. The proposal manager quits/is released. One of the main contributors [...]
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 Major Change: The VETS100 report has been replaced by the VETS-4212 report.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 [...]
FAR compliance is important regardless of DCAA being involved, as it is still required by your contract, and good accounting is inherent to good business practices. Ensuring compliance related to DCAA requirements will allow your business to continue a successful relationship with the government, while avoiding: repayments, penalties, delay or loss of contract and wasted [...]
Michelle Gunderson After years of experience as a Senior Tax Officer for various companies, Michelle has joined our team as Government Accounting Specialist. Michelle’s Capabilities Include: Preparing monthly closings for government contracting firms Monthly bookkeeping (e.g. QuickBooks) Tax Returns DCAA Audits Annual incurred cost proposals Prepare timely compliance testing General Consulting (i.e. Government Accounting) [...]
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 [...]
The following examples of recent work performed not only convey our value (and potential for high ROI), but the inherent fact that when working with government contracts, “you don’t know what you don’t know.” And what you don’t know can diminish your bottom line. How Does Arrowhead Win for Your Business? Activity Contract [...]
As the General Services Administration (GSA) experienced a realignment over the past couple of years, a strategy emerged to streamline their procurement processes. The GSA wants to reduce the overall administrative burden and lessen the need for contractors to submit multiple schedule applications and therefore manage fewer schedules. GSA announced its plan to collapse eight [...]