At Cherry, Bekaert & Holland (CB&H), we offer veteran-owned government contractors, both large and small, the information, tools and professional guidance they required to achieve success in the government marketplace. We provide hands-on assistance and management-level support to the VOB and SDVOB entrepreneur from business start-up, contract proposal preparation, pricing, performance, compliance and contract close-out.
Today’s contracting environment is difficult even for the initiated, and we are dedicated to serve those men and women who have placed their lives on hold to defend the freedoms that we so often take for granted. Understanding how the government’s regulations apply to your contracts and business can make the difference between prosperity and failure in the contracting space. At CB&H, we understand this time-consuming and convoluted process because we have been there before. We can help you achieve compliance requirements while making your company more manageable and financially rewarding.
Industry Experience
We offer a highly experienced team of professionals, including former government contract CFOs/controllers, former military employees and government procurement executives, operational and compliance advisors, banking and business advisors, tax experts and technology specialists. We’ve been in your shoes and use our real-world experience to guide us. Our CB&H Government Contractor Services Group has consulted and worked closely with some of the leading companies in the fields of technology, communications, defense, security, construction, professional services, shipbuilding and repair, engineering clients, and more.
Through our own contract award on the GSA Schedule to perform financial and operational audits and our successful experience working with federal agencies such as GSA, SBA, DoD and, with Federal auditors such as DCAA and the IRS on behalf of our clients, we know what the government expects from a contractor. CB&H understands the issues, and we can provide integrated solutions and guide our clients effectively through the entire contract process.
Our team helps our clients address the complexities that come with government contracting. We strive to remain responsive and attentive to our clients’ accounting and financial needs, while providing innovative and tailored consulting solutions across a wide range of service areas, including:
Request for Proposal (RFP) Preparation and Evaluation
Cost and pricing analysis, and proposal preparation
Direct versus indirect recovery of cost
Creating and optimizing direct and indirect rate structures
GSA schedule preparation assistance
Provisional rate projections and requests
Development of budget models and cash flow analysis
Pre-award surveys
Financial capability reviews
Billing and Collections Processes
Government compliant cost accounting systems
Provisional and retroactive billings
DCAA billing audit reviews
Quick closeout procedures
Contract closeouts (release of claims)
Requests for equitable adjustments and claims
Project scheduling, critical path analyses and earned value calculations
FAR and Other Government Regulations
The new Time & Materials contracts rules
Preparing or reviewing DCAA Incurred Cost Submissions
Interpreting agency regulations such as the FAR, DFAR, CAS, SBA Act including 8(a) guidelines, DCAAM and DOL Regulations
Assisting with FAR cost allowability issues
Developing government property control procedures
Accounting Systems Consulting
Implementation, consulting and training (Deltek® System1, Deltek GCS Premier™, Deltek Costpoint®, QuickBooks®, and other systems)
Systems requirements analysis
Development of customized accounting systems that meet government contract requirements
Wage and Compensation Issues
Executive compensation issues
Wage determination issues and adjustments under the Service Contract Act, Walsh-Healy, Davis-Bacon Act, and other DOL wage and hour laws
Timekeeping processes and procedures
Affirmative action plans
Management Assistance
Ethics policies and procedures
SBA Size Recertification Rules
Preparing and negotiating financing packages to secure lines of credit, other types of senior debt, and junior capital
Evaluating tax issues, including income, payroll, sales/use tax, personal property taxes and business licenses
Preparing 8(a) applications and assisting with SBA issues
The new Woman-Owned set-aside contract rules
Assist with recapitalizations, shareholder buyouts, and mergers and acquisitions
Financial & Advisory Services
Accounting, audits, reviews and compilations
Tax planning and compliance
State income, sales and use taxes
Recruiting and training personnel
Purchasing system reviews
Business valuations/M&A
Strategic Planning
Telecommunication consulting
Forensic accounting and litigation support
Industry Commitment
Government Contracting represents one of the fastest growing industry niches serviced by CB&H. We are building a leadership position throughout the East Coast, with service hubs strategically located in Washington, DC and Hampton Roads to attract financial and consulting talent in the contracting space. We are also leveraging our core knowledge and experience in other contract-rich areas including Raleigh and Fayetteville, NC; Atlanta, GA and our Florida offices. This centralized approach also allows our contracting professionals to stay informed about recent developments and market factors that affect this sector, and disseminate this information to clients and staff in a cohesive and efficient manner.
Many of our partners and consultants are renowned authors for national publications. We contribute a Q&A quarterly column to NCMA’s magazine, Contract Management, and feature articles are published several times a year. A sampling of our article includes:
Improve Your Profitability and Cash Flow: Critical Steps to Expedite Government Payments
SOX Compliance: DCAA Disclosure and Cost Control Strategies
