Service-Disabled Veteran-Owned Small Business FY 2014 Federal Government Awards
The Fiscal Year (FY) 2014 Small Business Procurement scorecard has been tallied and for the third year in a row, Service-Disabled Veteran-Owned Small Businesses (SDVOSBs) came out a winner. This means that federal agencies that were previously not awarding to SDVOSB are now doing so, and at a higher dollar value, therefore increasing the opportunity for SDVOSBs to win awards with federal agencies they had not previously worked with. The Small Business Procurement Scorecard is an annual assessment tool used to measure how well federal agencies reach their contracting goals. It provides transparency while reporting agency specific contracting data. These. Read More.
May I See Your Driver’s License?
On several occasions in the last few years, the Defense Contract Audit Agency (“DCAA”) has issued audit guidance to its auditors concerning health insurance costs and verification of labor costs. In regard to health insurance costs, DCAA has been concerned with premium payments made for coverage of ineligible dependents of contractor employees. DCAA considers these premium costs to be expressly unallowable costs. Therefore, their inclusion in a proposal to establish final indirect cost rates exposes the contractor to a potential penalty payment in accordance with Federal Acquisition Regulation (FAR) 52.242-3. Similarly, because labor costs are frequently the largest cost category. Read More.
Ken Bricker to Speak at Federal Contracting Course for In-House Lawyers
On Thursday, July 30th, Cherry Bekaert’s Ken Bricker is scheduled to speak at a course entitled, “What Every In-House Attorney Needs to Know about Federal Contracting”. Hosted by Centre Law & Consulting in Tysons Corner, Virginia, the event features Bricker and other experts addressing matters that impact in-house lawyers within the federal government contracting industry. Topics to be discussed include compliance and subcontractor issues, federal government contract law, and current labor law compliance. Registration and breakfast will begin at 8:00 a.m. EST, and the event starts at 8:30 a.m. EST. The fee to attend the course is $695. For more information or. Read More.
New Considerations When Selecting an Entity Type
By: John T.H. Carpenter ; Principal and Josie Morris; Senior Manager When a business owner or group of owners are considering establishment of a new business, consideration should always be given to the type of entity that best fits the business purpose of the venture. Although owners will sometimes select an entity type based on ease of formation or cost of setup, careful consideration should also be given to a wide range of legal, accounting and tax issues. Careful owners will generally consult with their legal and accounting advisors. A single-member limited liability company is a suitable structure for many small businesses. Historically,. Read More.
Does It Feel Like Every Contract Award Is Protested?
By: Susan J. Moser; Partner and Kristen Kwiatkowski; Senior Associate These days, it seems like whenever there’s a client contract award, we learn that the award has been protested before we can even congratulate the client. Recently, we attended an Association of Corporate Counsel Government Contractors Forum hosted by Venable LLP on “Navigating Bid Protests in 2015”. One of the panelists from the Government Accountability Office (GAO) shared some information from GAO’s Bid Protest Annual Report to Congress for FY2014 regarding Bid Protests that we found pretty interesting. Some GAO Bid Protest Statistics worth noting: FY 2014 FY 2013 FY 2012 FY 2011. Read More.
Your Guide Forward in a Slow-Growth or No-Growth Federal Marketplace: Strategic Use of Joint Ventures, Part 2
By: David J. Lundsten , CPA, CVA; Audit & Advisory Services Partner, and John N. Ford , JD; Senior Consultant In Part 1 of this article, we discussed the nature of a Joint Venture (JV) and some of the general regulations that apply to them. In Part 2, we go into detail about the two main types of JVs, some of the more significant regulations you need to know, and considerations in choosing the type of JV that suits your needs. Because there are significant differences in the Small Business Administration’s (SBA) JV rules depending on the type of JV, we will cover two main flavors of JVs:. Read More.