Prime Insights - A JAMIS Blog

What to Expect in 2017.  A New Era Begins. (Part 1)

Posted by Dan Rusert on Jan 10, 2017 4:00:00 AM

With a tumultuous 2016 behind us and potentially big changes coming in 2017, Robert Burns Scottish poem, Auld Lang Syne, echoes through the air.  “Should old acquaintance be forgot, and never brought to mind? Should old acquaintance be forgot, and auld lang syne?”  When listening to this song and thinking about this country moving into 2017, one of the first things that comes to mind is the continued state of deep bipartisanship within Congress.  It seems as though the Republican and Democratic parties have spent the past eight years digging in their heels against each other in pursuit of their own self-interests, and it’s been on full display to the American public.  Will they set aside their differences and remember why they were placed into power, for old times’ sake?  In the third verse of Burns’ poem it goes on to say, “We two have run about the slopes, and picked the daisies fine; But we've wandered many a weary foot, since auld lang syne.”  Indeed, there have been a few moments of cooperation between parties, but all too many moments of dysfunction and inaction that leave us all weary. 

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Topics: Government Contracting, Government Contractors, Cybersecurity, DoD, Information Technology, Trump, Congress

Five Trends Shaping Federal Contracts in Fiscal 2017

Posted by Duncan Amos, Quantitative Analyst, Bloomberg Government on Dec 13, 2016 6:41:00 AM

After years of decline, government contracting may increase in fiscal 2017. Relatively flat spending decreases in recent years and increased budgets may translate into a reversal of a years-long slide. While it’s too soon to look at Pentagon spending, preliminary numbers for fiscal 2016 show that civilian agencies increased obligations.

Bloomberg Government has identified some key trends that will define fiscal 2017 contracting. Business development and strategy professionals should be aware of these as they plan for the year.

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Topics: Compliance, Government Contracting, Government Contractors, Government Contract Accounting Software, DoD, Information Technology

Where Business Development & Project Management Teams Meet and Work Together Towards a Common Goal

Posted by Dan Rusert on Nov 29, 2016 4:00:00 AM

The fight is won or lost far away from witnesses - behind the lines, in the gym, and out there on the road, long before I dance under those lights.” - Muhammad Ali

It’s not uncommon for different departments and teams within an organization to operate within their own silos.  Typically this would involve each department using unique software management systems, holding independent meetings, hiring their own talent, and formulating their own processes.  Due to these factors, it can be a challenge to stay on the same page across the organization.  But the fact is… businesses that run well on the back end, consistently service customers well on the front end.  In this particular case, we’ll take a look at what the Business Development and Project/Program Management teams can do to stay on the same page.  The focus will primarily be on two areas: 1.) Communication and Collaboration, 2.) Resources and Software Systems.

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Topics: Federal Acquisition Regulation, DCAA, Government Contracting, Government Contractors, Accounting Software, Department of Defense "DoD", Government Contract Accounting Software, Contract Management, Project Management

Updated Cost Allowability Guidance Issued by the DCAA

Posted by Cherry Bekaert LLP on Nov 15, 2016 6:30:00 AM

During late summer, the Defense Contract Audit Agency (“DCAA”) published a “Selected Areas of Cost” guidebook to replace Chapter 7 of the DCAA Contract Audit Manual (“CAM”). The newly refreshed guidebook provides further direction for auditors and contractors on how to properly treat certain types of costs listed in Federal Acquisition Regulation (“FAR”) 31.2 regarding allowability. Specifically, an unlucky 13 areas of costs have been updated with additional guidance. Those costs include:

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Topics: DCAA, Government Contracting, Government Contractors, Accounting Software, Government Contract Accounting Software, FAR, Cost Allowability

Federal Acquisition Regulation - Small Business Subcontracting Improvements

Posted by Craig Stetson, Director, Capital Edge Consulting on Oct 25, 2016 6:19:00 AM

Final rule issued by the DoD, GSA and NASA July 14, 2016 to amend the FAR to add various improvements related to small business subcontracting. These statutory amendments will affect prime contractor responsibilities on how they deal with subcontractors and report to the government.

Prime contractors should review now existing business system processes and capabilities to address these requirements to avoid potential compliance risks – including, for example, CPSR adequacy and past performance evaluation.

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Topics: DCAA, Government Contracting, DFARS, Government Contractors, Accounting Software, Cybersecurity, Government Contract Accounting Software, FAR, DoD

New Cybersecurity Guidance Regarding Unclassified Information for Government Contractors

Posted by Craig Stetson, Director, Capital Edge Consulting on Oct 11, 2016 9:30:32 AM

If you think the government is only concerned about protecting classified information, you can think again.  Recent hacks and breaches have brought on additional executive legislation regarding Controlled Unclassified Information and Improving Critical Infrastructure Security (Executive Order 13556 and 13636 respectively).  In response to these Executive Orders, new guidance has been issued.

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Topics: DCAA, Government Contracting, DFARS, Government Contractors, Accounting Software, Cybersecurity, Government Contract Accounting Software

Getting Project Managers and Contract Administration Personnel on the Same Page is a Winning Formula

Posted by Dan Rusert on Sep 27, 2016 5:00:00 AM

"All men can see these tactics whereby I conquer, but what none can see is the strategy out of which victory is evolved." - Sun Tzu

Efficient contract management processes are critical to ensure that goods and services are delivered as expected and engagements are profitable. Federal government contracts often have detailed terms and conditions that require strict contract oversight and administration. In many cases, the failure to adhere to these requirements can result in delayed payments, penalties, or even cancellation of the contract.  And should any of these scenarios occur, it could prove to be problematic in winning another government contract.

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Topics: Federal Acquisition Regulation, DCAA, Government Contracting, Government Contractors, Accounting Software, Department of Defense "DoD", Government Contract Accounting Software, Contract Management, Project Management

SBA Reports Record-High Contracting for Women-Owned Firms

Posted by Aronson, LLC on Sep 13, 2016 12:28:32 PM

For the first time in 20 years of trying, federal agencies met their mandatory goal of steering small business contracts to women-owned firms, the Small Business Administration announced on Wednesday.

“What we were able to achieve was because of that big lift across the country,” Administrator Maria Contreras-Sweet told a gathering of contractors and agency officials at the National Press Club. “Women entrepreneurs can be the linchpin for a broader middle class, for upward mobility and social mobility.”

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Topics: Government Contracting, Government Contractors, Accounting Software, Government Contract Accounting Software, Women owned Firm, Small Business Administration

NIST Compliance: Focusing on the 15 Key Components

Posted by JAMIS Software on Aug 30, 2016 4:00:00 AM

“Defense contractors routinely process, store and transmit sensitive federal information to assist federal agencies in carrying out their core missions and business operations. Federal information is also shared with state and local governments, universities and independent research organizations.

To develop guidelines for protecting this information, The National Archives and Records Administration (NARA) worked with The National Institute of Standards and Technology (NIST), the government's source for computer security standards and guidelines.  NIST 800-171 is the standard by which defense contractors must adhere to the security requirements identified there in.” [1] 

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Topics: DCAA, Government Contracting, DFARS, Government Contractors, FISMA Compliance, Accounting Software, Department of Defense "DoD", NIST Comliance, Cybersecurity, Government Contract Accounting Software

Department of Defense Continues to Tinker with the Allowability of IR&D

Posted by Cherry Bekaert LLP on Aug 16, 2016 6:30:00 AM

Beginning in 2011, the Department of Defense (“DoD”) began making changes to the supplemental cost principle on Independent Research and Development (IR&D) found at the Defense Federal Acquisition Supplement (DFARS) 231.205-18. These changes have not affected the definition of IR&D found at Federal Acquisition Regulation 31.205-18. Instead, they have addressed what certain contractors must do in order for their IR&D costs to be allowable on government contracts. The latest proposed change in the allowability requirements set forth in the DFARS was published in the Federal Register on February 16, 2016.

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Topics: DCAA, Government Contracting, Government Contractors, Accounting Software, Federal Register, Defense Technical Information Center "DTIC", Department of Defense "DoD", Independent Research and Development "IR&D", Government Contract Accounting Software

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Prime Insights is a place where government contractors can stay up to date on the latest industry trends and hot topics, interact with your peers, and expand your knowledge of what it takes to succeed and grow your business in a complex and competitive landscape.

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