Contract Closeout – Cost Reimbursable Contracts

Posted by on Oct 25, 2017 in Fact Sheets, Government Contract Regulatory Compliance | 0 comments

Excerpt from the full copy of Contract Closeout – Cost Reimbursable Contracts The Administrative Contracting Officer (ACO) is responsible for initiating the administrative closeout of the contract (and orders issued under it) after receiving evidence that the contract is physically complete. FAR 4.804-4 defines complete as…

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Cost Accounting Standards

Posted by on Oct 25, 2017 in Fact Sheets, Government Contract Regulatory Compliance | 0 comments

Excerpt from the full copy of Cost Accounting Standards The U.S. Government has established nineteen (19) cost accounting standards to be used by contractors in order to establish uniformity and consistency in how costs charged to the Government are measured and assigned to contracts. The standards are also used…

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General Services Administration (GSA) Schedule Services

Posted by on Apr 27, 2017 in Fact Sheets, Government Contract Regulatory Compliance | 0 comments

Excerpt from the full copy of General Services Administration (GSA) Schedule Services To consolidate the “commercial” purchasing activities of federal agencies, the U.S. Government formed the General Services Administration (“GSA”) in 1949, thereby incorporating functions previously conducted by various procurement programs. By utilizing one source for procurement, the burden of contract negotiation and order processing was lifted from federal agencies, allowing them to focus...

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Contractor Purchasing System Review (CPSR)

Posted by on Apr 27, 2017 in Fact Sheets, Government Contract Regulatory Compliance | 0 comments

Excerpt from the full copy of Contractor Purchasing System Review (CPSR) Government contract purchasing system requirements vary depending on a contractor’s size, types of contracts, and other risk factors. Federal Acquisition Regulation (“FAR”) Part 44 – Subcontracting Policies and Procedures, establishes the requirements for review, evaluation, and approval of contractor purchasing systems. For contractors expected to exceed $25 million in annual sales with the...

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Service Contract Act (SCA)

Posted by on Apr 27, 2017 in Fact Sheets, Government Contract Regulatory Compliance | 0 comments

Excerpt from the full copy of Service Contract Act (SCA) Companies with government service contracts may face complicated regulatory hurdles and increased scrutiny brought on by the McNamara-O’Hara Service Contract Act of 1965 (the “SCA”). Due to the government’s increased focus on salaries paid by government contractors, this regulation has recently come to the forefront and become a key...

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