Were you aware that winning and performing a federal government contact was only part of being a successful government contractor? Many federal contract awards are contingent upon the determination of whether a contractor's accounting system meets the established requirements, follows specific written accounting policies, and maintains an accounting system that can perform specific cost, timekeeping, and billing functions. Agencies conduct unique "financial health" audits prior to awarding some contracts. Be proactive and be prepared!
This presentation will provide an overview of the Defense Contract Audit Agency (DCAA) including its responsibilities and duties, the types of DCAA audits performed throughout various contract phases, and the DCAA Internet resources and presentations that are available.
Along with a DCAA Overview, the following topics will also be presented:
Provisional Billing Rates
The presentation will provide an overview of provisional billing rates (PBR). The purpose of PBR’s will be discussed along with the procedures for establishing the rates. Participants will learn when the PBR’s should be submitted and the types of information that should be included in the PBR proposal. The importance of billing rate monitoring will be emphasized along with common deficiencies that can occur when utilizing provisional rates. The presentation will also cover example procedures that DCAA may perform when reviewing the rates.
The presentation will provide an overview of what a contractor should know about subcontracting: subcontract selection, subcontracting requirements, and the responsibilities of the prime contractor. The applicable FAR requirements will be discussed as well as the business systems involved with monitoring subcontracts.
What: DCAA Overview, Provisional Billing Rates and Monitoring Subcontracts
When: Tuesday, November 30, 2021
Time: 10:00 a.m. – 12 p.m. MST