Below is a preview of some of the articles and Q&A's we have listed in the Community Area of our website.
8(a), SDB or NEITHER? Thinking about becoming an 8a or SDB? Do you wonder what to expect from the application process? Is it really the route you should go? Which one should I choose? What is the difference? Let’s see if I can help in the decision. There are definitely benefits to following this path. However, “Contracts Will Not Automatically Fall In Your Lap.” You will still have to do Marketing within the 8a and SDB environment. And it takes effort. Unless you already have strong contacts you should plan on establishing some. Now I believe having an 8a or SDB certification provides disadvantaged businesses another strong vehicle to assist in the marketing process. You still have to be good at what you do and provide a quality product at a reasonable price... (Click here to read more)
ADEQUATE ACCOUNTING SYSTEM Are government accounting system requirements only applicable for Cost Reimbursement Type Contracts? This is a widely misunderstood concept. Many contractors feel that they do not have to worry about audits since they do not have any cost plus fixed fee (CPFF) type contracts. Others feel that since their contract(s) are small they are okay. Boy do they find out the hard way that this is not true. Let me tell you how it generally works. True, you are more likely to be audited with...(Click here to read more)
DIRECT COST AND DOCUMENTATION There are many differences of opinion and disputes about whether certain costs should be classified as direct or indirect. In addition, the use of ambiguous terms that are used interchangeably doesn't help the situation. For instance, overhead is used interchangeable in industry with burden, loading, add-on, management cost, general and administrative, factory expense, etc. That is why I am always bugging you to document your companies definition of the terms it uses. It helps you, your staff and anyone else who has to deal with the many ways people use these terms. (Click here to read more)
Sample of Other Articles Addressed in our Online Contractor Community Area
Handling Fees
Immigration Fees-direct or indirect?
Indirect Cost - What's The Deal?
H&W in SCA Employees
Freedom of Information Act - FOIA
FRAUD INDICATORS Part 3 Indirect Costs
Employee Morale or Entertainment Cost Allowability
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