What we do
We assist companies in development of policies and procedures, which provide guidance to the company and its employees in complying with government rules and regulations.
What We Did
A leading information technology firm providing services to the government realized that its policies and procedures related to how it developed budgets, allocated cost, and determined indirect rates were insufficient to handle the complex compliance requirements of government contracting. Our consultants assessed the company’s current policies and procedures against the stated requirements of the FAR and DCAA, identified risk areas and assisted in writing and implementing policies and procedures that introduced best practices and full compliance with the requirements. We interacted with representatives of all key areas of the company's operations and administration to ensure that key risk areas were identified.
The end result was the customer passing a DCAA audit with no exceptions on its budgeting and planning function, which set the basis for annual provisional pricing structures.