CPAs and Advisors with Your Growth in Mind

DoD Proposes Changes to Cost or Pricing Data Rules for Small Businesses

On August 30, the Department of Defense (“DoD”) issued a proposed rule to implement a section of the National Defense Authorization Act for fiscal year 2016 that provides exceptions from the certified cost and pricing data requirements, and from the records examination requirement for certain awards to small businesses or nontraditional defense contractors. The proposed rule would amend the Defense Federal Acquisition Regulation Supplement (“DFARS”) to provide an exception from cost or pricing data for contracts, subcontracts, or modifications of contracts or subcontracts valued at less than $7.5 million. This exception would be applicable to small businesses or “nontraditional” defense contractors,. Read More.

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Expanding the SBA Mentor-Protégé Program

On July 25, 2016, the Small Business Administration (“SBA”) issued a much-anticipated final rule regarding the government-wide mentor-protégé program for small businesses. All small businesses, not only 8(a)s, will now be able to participate in the mentor-protégé program. The changes will benefit both large and small businesses. Large businesses will now have a larger pool of small businesses to mentor, and additional disadvantaged companies now have the opportunity to participate. The rule specifically states that the mentor-protégé program will now have four new programs: Small businesses; Women-owned small businesses; Service-disabled, veteran-owned small businesses; and Historically Underutilized Businesses. Other notable changes. Read More.

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