Georgia Tech Procurement Assistance Center

  • Home
  • About Us
  • Training
    • Class Registration
    • On-demand Training
    • GTPAC COVID-19 Resource Page
    • Cybersecurity
    • Veterans Verification Video
    • GTPAC Community
    • Other Training Audio & Video
  • Useful Links
  • Team Directory
    • Albany Counselor
    • Atlanta Counselors
    • Augusta Counselor
    • Carrollton Counselor
    • Columbus Counselor
    • Gainesville Counselor
    • Savannah Counselor
    • Warner Robins Counselor
  • Directions
    • Atlanta – Training Facility
    • Atlanta – Office
    • Albany
    • Augusta
    • Carrollton
    • Columbus
    • Gainesville
    • Savannah
    • Warner Robins
  • COVID-19
  • New Client Application
  • Contact Us

Renewed focus on contractor business system reviews

April 17, 2019 By Andrew Smith

According to a recent U.S. Government Accountability Office (GAO) report, the Defense Contract Audit Agency (DCAA) and the Defense Contract Management Agency (DCMA) have taken certain steps to improve the contractor business system (CBS) review process and are forecasting that CBS reviews will increase significantly over the next four years. Contractor business systems include a contractor’s accounting, earned value management, estimating, purchasing, material management, and property management systems.

These systems require contractors to maintain internal controls that, as GAO noted, “act as the first line of defense against fraud, waste and abuse of federal funding.” Given their importance, the renewed focus on ensuring CBS reviews are conducted in a timely and consistent manner is not surprising, and contractors should prepare for a new wave of audit activity.

Past Challenges to Completing CBS Reviews

In its report, GAO identified persistent challenges that have prevented DCAA and DCMA from performing consistent and timely CBS reviews. One key factor for DCAA is its focus on eliminating the backlog of incurred cost audits, which determine whether contractor costs are allowable prior to closing out the contract. GAO found that as a result of prioritizing incurred cost audits, Contracting Officers maintained CBS determinations as adequate even though the systems had not been audited in many years. GAO further found that lacking a mechanism to track CBS audits, DCMA and DCAA did not always comply with requirements to report CBS deficiencies or did not report the deficiencies within required timeframes.

Keep reading this article at: https://governmentcontractsnavigator.com/2019/03/21/renewed-focus-on-contractor-business-system-reviews/

Filed Under: Contracting Tips Tagged With: abuse, accounting, CBS, contractor business system, cost estimating, DCAA, DCMA, earned value, fraud, GAO, internal controls, property management, purchasing system, waste

GSA develops new building maintenance strategy, seeks private industry help

January 9, 2014 By ei2admin

The General Services Administration wants industry feedback to help develop a new governmentwide program to maintain federal buildings.

GSA issued a request for information Dec. 18 tasking the private sector with providing best practices to assist in creating a new comprehensive building maintenance and operations services program that includes HVAC, elevator maintenance, janitorial services, grounds maintenance and utilities, the RFI says.

The federal government holds more than more than double the square footage of the top five commercial real estate companies in the United States combined. Federal Acquisition Service Commissioner Tom Sharpe said in the RFI that the new program “has the opportunity to significantly change the way the government approaches the services used to maintain and operate its buildings and structures, saving money and streamlining processes.”

Keep reading this article at: http://www.fiercegovernment.com/story/gsa-develops-new-building-maintenance-strategy-seeks-private-industry-help/2014-01-07

Filed Under: Contracting News Tagged With: government property, GSA, property management

Recent Posts

  • Podcast: Buy American executive order and recent changes
  • Podcast: Contractors say they’re seeing a resurgence of LPTA procurements
  • Reminder: If pricing is too high, VA “rule of two” might not apply
  • CPARS challenges: No appeals without contracting officer claim
  • GAO: In “best value” procurement agency has wide discretion to pay price premium

Popular Topics

8(a) abuse Army bid protest budget budget cuts certification construction contract awards contracting opportunities cybersecurity DoD DOJ False Claims Act FAR federal contracting federal contracts fraud GAO Georgia Tech government contracting government contract training government trends GSA GSA Schedule GTPAC HUBZone innovation IT Justice Dept. marketing NDAA OMB SBA SDVOSB set-aside small business small business goals spending subcontracting technology VA veteran owned business VOSB wosb

Contracting News

Podcast: Contractors say they’re seeing a resurgence of LPTA procurements

CPARS challenges: No appeals without contracting officer claim

GAO: In “best value” procurement agency has wide discretion to pay price premium

Contractor settles fraud claims related to 8(a) joint venture

Senator: Pandemic makes anti-fraud law more important than ever

Read More

Contracting Tips

Podcast: Buy American executive order and recent changes

Reminder: If pricing is too high, VA “rule of two” might not apply

Startups should try to win city and school district contracts. Here’s why.

Surviving proposal weaknesses after discussions: what not to do

E-Verify records purge scheduled for May 14, 2021

Read More

GTPAC News

DLA hosting event March 10th with special emphasis on Women-Owned Small Businesses

Navy Office of Small Business Programs holding three events in March

SBA hosting conversations with contracting officers forum Feb. 25th

USACE seeks vaccination center construction support

GTPAC updates cybersecurity resource page to include CMMC guidance

Read More

Georgia Tech News

Future of 5G is under the microscope at Georgia incubator

Collective worm and robot “blobs” protect individuals, swarm together

The Partnership for Inclusive Innovation is now accepting applications for pilot programs

Georgia Tech will help manage DOE’s Savannah River National Laboratory

Dr. Abdallah testifies on U.S. competitiveness, research, STEM pipeline at Congressional hearing

Read More

  • SAM.gov registration is free, and help with SAM is free, too
APTAC RSS Twitter GTPAC - 30th Year of Service

Copyright © 2021 · Georgia Tech - Enterprise Innovation Institute