Dispute Resolution

Chess Consulting provides expert testimony and consulting to assist companies and their legal counsel with disputes involving accounting, damages, and regulatory compliance matters. We provide clients with expert accounting, financial, and compliance capabilities to assist with disputes and litigation in a variety of areas.

 

Areas of expertise on dispute resolution matters include, but are not limited to:

  • Accounting Malpractice
  • Bid Protests
  • Business Valuation
  • Commercial Damages
  • Damage Analysis
  • Forensic Accounting
  • Government Contracting
  • Insurance Claims
  • Intellectual Property
  • Labor and Employment
  • Purchase/Sale Transactions

Related Content

DOD Guidance – Managing Inflation on Contracts

Inflation is impacting everyone, and government contractors are no exception. The Department of Defense (“DoD”) Principal Director, Defense Price and Contracting recently released a memo reiterating that while contractors performing under firm fixed price contracts generally bear the risk of increased costs, FAR Part 50 allows for Extraordinary Contractual Relief if certain stringent criteria are met.

Final Rule – Treatment of IR&D costs

The Department of Defense (“DoD”) issued its final rule on January 31, 2023, made effective on the same date, implementing section 824 of the National Defense Authorization Act (“NDAA”) for fiscal year 2017. Significant to the new rule is the added requirement for CEOs to determine that the Independent Research and Development (“IR&D”) “will advance the needs of DoD for future technology and advanced capability as DoD describes such needs in communications referenced at 242.771-3(c)(1)(i)”. With the CEO now making the determination, requirements for the Administrative Contracting Officer (“ACO”) were removed.

Financial Reporting Update: April 2023

Our Financial Reporting Update highlights key developments and issues that are relevant to finance and accounting personnel. This edition includes updates on the SEC, PCAOB, and FASB.

Government Contract Financial Due Diligence/Quality of Earnings Considerations

Focused due diligence and a carefully negotiated agreement can help mitigate risks for government contractors engaged in a merger or acquisition. The U.S. government contracting market has continued to see significant M&A activity from both private equity and strategic buyers. This is due to the perceived stability, steady growth, and free cash flows being generated within the industry. In times of global insecurity, be it economic or geopolitical, government contractors often benefit from increased federal spending.