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How $50M Contractors Are Getting Caught – And How YOU Can Avoid It!
Published 1 year, 9 months ago
Description
In this conversation, we talk about 'price to win'. A specialty that is usually outsourced to find out the range of prices the government is willing to pay for a particular procurement. We recommend hiring an independent party to conduct a price to win assessment as it is a conflict of interest for them to do so.
Additionally, we discuss the services for cost accounting and government contracting audits, which are typically done for small contractors to ensure compliance with government regulations for government contracts. The level of these audits depends on the type of contracts being pursued rather than the revenue amount. For example, a cost-plus contract would require a compliant accounting system.