Our team members have worked in the government contract arena both as leaders in the financial area of local business and in a public accounting role. We have built a group that works not only to solve the accounting aspects of the business but also to understand the entire business operations function and to help our contractors succeed in their market. Services which we offer assistance to our clients on a daily basis include the following:
- Government Cost Proposals
- Incurred Cost Submissions
- Federal Acquisition Regulations (FAR)
- Internal Accounting System Setup and Support
- Business Operations Support
Government Cost Proposals
Completion of the cost proposal for a government contract consulting client, often in tight deadline, is a specialty. We assist in this role in several capacities. We know that contractors need help in developing their rate structure and support for their first response. We understand this process and we know the questions to ask and what information you are going to need to support your bid. We also know that ever solution is customized to the client. Sometimes this means that we assist in a total support role from cradle to grave in the cost volume, or sometimes in a more limited approach in completing Requests for Proposals (RFP). We understand the proposal process as well as the nature of solicitations and the time deadlines that are placed on the contractor. We will be there even after you have turned your product over to your customer to help with follow-up questions and help you to move forward now after you secure your work. We work to turn our products around in a timely manner and help the contractor secure a profitable contract pursuant to which they can achieve their larger business goals.
We work with contractors around the nation as well as in our corporate headquarters in Huntsville, Alabama. Location has never created an issue for us in the past – we have assisted clients, in Atlanta, Georgia; Las Cruces, New Mexico; Dallas, Texas; Washington, DC; El Paso and San Antonio, Texas; Orlando, Florida; Los Angeles, California; Denver, Colorado; Raleigh/Durham, North Carolina; and Herndon, Virginia, as well as several other locations around the United States. We also have assisted clients overseas in China, Columbia and Honduras.
Incurred Cost Submissions
Preparation of Incurred Cost Submissions can be a hassle for contractors that do not have the internal support to manage this significant task. Our government contract accounting can assist contractors in this regard either by supporting them through completion of all of the required schedules or by providing support as needed. We also help decipher what the DCAA is asking for and the reasons for those requests. In providing this support, we try to simplify the preparation of future schedules, either by completing additional setup in the contractors’ accounting systems or outside schedules to make things easier to complete internally in the years to come.
Federal Acquisition Regulations (FAR)
Understanding the FAR can be a challenging process, especially when a contractor has many other tasks to complete on a daily basis. We try to make the FAR more understandable, both by educating contractors on the rules that must be followed on a corporate level and the clauses pursuant to which they are obligated under each of their contracts. We also assist contractors as they grow in understanding the pitfalls that may lie ahead.
Internal Accounting System Setup and Support
Setup of an accounting system can be one of the most important aspects of running a business as a government contractor. Our government contract accounting can assist our contractors with various aspects of their accounting systems, such as the DCAA compliant chart of account, and we analyze how the system is going to process information in a manner that will offer checks and balances. Often, our contractors do not have the accounting background to feel comfortable that what they are doing is correct. We take the guesswork out of that process and offer an environment in which they can feel comfortable and provide the management tools that they require to run their business or produce reports that their contracts require.
Business Operations Support
We have teamed with several partners in this area which offer solutions for our contractors to make their jobs easier and more efficient.