GOVERNMENT CONTRACTING

GOVERNMENT CONTRACTS

When doing business with the government,

Compliance is as important as Competence.

Contracting with the government is notably different from operating in the commercial sector. If you are new to Government Contracting, you will quickly find that complicated rules dictate how business may be conducted.

For small and mid-sized contractors: setting up your initial systems, procedures, and compliance infrastructure (as appropriate for your business) will prove to be invaluable as you grow your technical capability and employee base.

For established contractors: enhancing operational efficiency, management alignment, and compliance oversight is critical. With these, your team can hone its cost pools, analyze existing contract vehicles, and build financial/pricing projections in anticipation of future bids.

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Defining Success

It's more than just something you "do."

Compliance is a mindset.

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It requires support from leadership, buy-in from employees, and consistency

through the organization.

To be successful in the Government contract market, the contractor must:

(i) Understand their technical and administrative obligations;

(ii) Design/implement programs to promote that employees follow the rules, and

(iii) Maintain internal controls to monitor compliance.

Let's Talk Compliance

Rules, Regs & Everything in Between

Before, during, and after receipt of a contract award, both the Contractor and Government client must adhere closely to certain protocols. Typically, the Federal Acquisition Regulation (FAR/DFAR) and special agency supplements provide strict guidance and expectations about the Contractor-Government relationship. Additionally, in pursuing or performing under each contract vehicle, Contractors must ensure that they also satisfy:

All Terms & conditions, specific to (and woven throughout) each contract.
Deliverable requirements (CDRLs).
Oversight & reporting (internally and externally) over the technical work.
Administrative requirements & formalities.
Record-keeping and Data management.
All other employer requirements (including regulations promulgated by the DOL, IRS, local and state agencies, among others).

Failure to abide by these regulatory standards can result in penalties for contractor wrongdoing, including: fines, debarment from obtaining future contracts, and imprisonment. Since taxpayer/congressional funds are often involved, even negligent non-compliance by the Contractor may result in severe penalties.

With our clients, we perform risk Audits & Assessments to help identify immediate and long-term risks. Then, together, we design the systems and controls to mitigate and eliminate certain threats to your business.

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