Government Contractor Compliance Risk Services
Navigating risks for government contractors
Learn how our Government Contract Advisory Services can help you stay on top of rapidly changing rules and regulations for government contracting.
- Complying with complex regulations
- How can our Government Contract Advisory Services team help?
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Complying with complex regulations
Companies that seek to successfully contract with the US government must comply with complex and changing government contracting rules and regulations. For new or prospective market entrants, initial challenges may include establishing compliant cost accounting practices and pricing, as well as demonstrating eligibility for contract award.
For existing contractors, challenges include demonstrating ongoing compliance with contract requirements, defending against adverse government audit findings, and—where necessary—pursuing equitable contract changes or claims.
How can our Government Contract Advisory Services team help?
Advice on contract requirements: Interpretation of government contract requirements, including the federal acquisition regulation (FAR); cost accounting standards (CAS); agency FAR supplements, such as the defense federal acquisition regulation supplement (DFARS); and other contract requirements.
Proposal and pricing support: Assistance in preparing proposals, including evaluation of solicitation requirements, forward pricing rate development, proposal pricing, proposal review team support, proposal compliance analysis, proposal audit support, and contract negotiation advice.
Contract cost accounting and compliance support: Advice related to accounting for contractor costs in compliance with applicable CAS and regulations, such as evaluating cost accounting practice compliance, preparing or validating contractor-incurred cost proposals, and quantifying contract cost impacts of cost accounting practice changes.
Compliance risk management and governance: Support in establishing government contract compliance risk management and control practices that provide timely identification, intervention, monitoring, and resolution of emerging contract compliance risks and threats.
Compliance capabilities development: Assistance in developing contract compliance capabilities needed to support contractor business strategy, including identifying contract compliance and bid eligibility requirements; conducting capabilities gap analyses and preparing capabilities development project plans; assisting in the identification and evaluation of permissible cost accounting practices; preparing Cost Accounting Standards Board (CASB) disclosure statements; and developing compliance processes, policies, and procedures.
Contract claims and dispute support: Assistance in protecting contractor entitlements to equitable compensation for contract changes and in contract disputes, such as identification of contract change fact patterns, cost or price impact analyses, request for equitable adjustment preparation, claim preparation support, and expert witness report preparation and testimony.
Audit readiness evaluation: Evaluation of audit readiness and support in preparing for government audits or reviews, such as pre-award accounting system surveys, proposal audits, incurred cost submission adequacy evaluations and audits, DFARS contractor business systems compliance audits and reviews, and CASB disclosure statement audits.
Transaction support: Pre- and post-close government contractor acquisition and divestiture transaction support, such as acquisition target contract compliance risk due diligence, quantification and estimation of contracts-related financial risks, evaluation of balance sheet risk reserves, providing guidance on purchase agreement terms, integration and carve-out transaction support, and Department of Defense external restructuring proposal development.
Government audit support: Assistance in managing risks of government audits, such as providing strategic guidance in responding to auditor requests and preparing responses, evaluating audit report findings, developing positions and responses to adverse audit findings, and providing advice on contractor strategies for setting or resolving adverse audit finding issues.
Training: Compliance training from fundamentals of government contracting for executive management to detailed training on topics such as cost accounting standards, contractor business systems, and recent regulatory changes.
Contact us today to learn how our team can help you manage compliance risk and succeed in the market.