Change efforts are a vital part of making government more effective and efficient. Major projects including digital transformation, IT modernization and hybrid workflow redesign are reshaping the way government serves constituents. But too often, projects come in late or over budget – or fail completely. According to a 2017 report from the Project Management Institute (PMI), 31 percent of IT projects fail to meet their goals; 43 percent...

Service Contract Act (SCA) contracts introduce a new layer of complexity and reporting to government contracts. Contractors must consider adjustments to the indirect rate structure such as a separate fringe pool or onsite and offsite overhead pools. Wage determinations instruct contractors on the minimum wages and fringe benefits required including the option for wages in lieu of benefits - a cash payment that is often miscalculated and posted...

Each of us knows that keeping pace with the ever-evolving government contracting compliance rules, regulations and oversight is daunting. The ongoing pandemic, a new administration, world instability and the ‘New Normal’ market conditions can challenge even the most seasoned government contractor executives. Join us in-person for our 27th Annual DHG Government Contracting Conference and hear what the leading advisors in the marketp...

Government contractors often struggle with customer invoice creation because of the varying requirements from customer-to-customer and contract-to-contract. QuickBooks Online and Desktop provide opportunities for efficient creation of customer invoices from time and expense data. The keys to success lie in proper setup of Items for labor category and expenses, and the automated synchronization of time and expense data. We find many clients spe...

Labor distribution converts hours into dollars and distributes those dollars throughout the GL and across jobs. Payroll journal entries record the employer's portion of employment taxes and offset salaries payable created by the labor distribution process. Both are necessary for the accurate calculation of indirect rates for government contracts. Errors often include failure to segregate labor accounts and properly account for employee deducti...

The 2021 GAUGE Report co-produced by CohnReznick, is the fifth edition of a practical benchmarking tool celebrating increasing popularity, visibility and utilization. Focused on a key concern of competition, the latest edition of the GAUGE report features responses from more than 1,400 companies with no dollars to billions of dollars in federal sector revenues. The power of the GAUGE Report is realized by thousands more companies utilizing the...

The Summit brings together industry experts involved in the field of nuclear deterrence to discuss the management of the nuclear complex, the security of the stockpile and arms control negotiations. Gather information through conference sessions, such as deterrence outlook, modernization strategy, updates from the National Nuclear Security Agency labs, Congressional initiatives and more! Become a sponsor at the Nuclear Deterrence Summit to net...

Proposal pricing is key to winning government contracts and executing them with maximum profitability. This webinar focuses on the completeness of direct costs and the accuracy of indirect rates. We'll discuss three types of budgets, their relationship to indirect rates, and how they affect each other. We'll share our three-step process for preparing budgets and explain when budgets and indirect rates must be updated as part of the proposal pr...

The annual incurred cost proposal (ICP) is no small task for government contractors. With 23+ tabs in an Excel file and many supporting documents, the ICP is often a weeks long project. We find that a significant portion of time required to complete the ICP is the gathering of documents, researching variances, and answering questions. Think of the ICP like a tax return for your government contracts. Your tax preparer sends you a list of necess...

The evolution of computing in the government market has flowed from the mainframe to client server and now to the cloud. Cloud computing as a concept and line of business is a decade old but it also is still in its infancy with a diverse and growing universe of opportunities as agencies put their focus on digitization and IT modernization. In Washington Technology's December Power Breakfast, industry experts will explore what the latest trends...