APEX Accelerator Orientation: Is Government Contracting Right for Your Business?
Government contracts are potentially a tremendous financial opportunity for small businesses. The U.S. government is the largest customer in the world. It buys all types of products and services - in both large and small quantities - and it's required by law to consider buying from small businesses. Join the APEX Accelerator's office to learn about assessment tools you can use to evaluate your company's readiness to enter the government marketplace.
DCAA Cost Reimbursement Series - Part 2: Incurred Cost Submissions / Contract Briefs
At the end of a defined accounting period, federal government contractors must submit actual costs incurred to DCAA. The intention of this process is for DCAA to review costs claimed to ensure they are allowable, allocable, and reasonable per FAR 31, as well as within the terms of their respective contracts. DCAA will discuss requirements for the annual submission and what DCAA considers to be elements of an adequate submission. This training provides an overview of the DCAA Incurred Cost Electronic (ICE) model, which provides contractors with a standard user-friendly package to compile their financial data. DCAA will also discuss its adequacy review process and means of how they select submissions for audit. Why is briefing your contracts so important? Contract briefs are your ?One Stop Shop? for all pertinent information, including contract provisions, clauses, requirements, allowability, funding, and so much more! DCAA will discuss the use of contract briefs in audits, reviewing vouchers, and the usefulness of contract brief information while monitoring your contract expenditures.
