DCAA Compliance Blog

Your Source for DCAA News and Information for Contractors

ReliAscent® LLC is the only government contract accounting firm that specializes in all aspects of government contracting compliance.  From our DCAA compliant accounting services, to monthly government contract accounting for all government agency awards, contract management & administration, and financial services & planning, our goal is to ensure the success of our clients, and all small business government contractors and grantees.  

In our DCAA Blog, we discuss the latest government contracting news from the Federal Government, the DCAA, and DCMA, as well as promotions offered by ReliAscent, and helpful tools and resources for contractors.

We hope you will visit and take part in the discussions on our blog on a regular basis. If you ever have any questions or would like to discuss how our experts can help, do not hesitate to contact us at any time!  


 

Do You Know When To Change a Contract? Or How?

Posted by Tyler Link on Fri, Apr 14, 2017 @ 09:30 AM

Sometimes, we find that our clients (and government contractors in general), can get so focused on their direct work that contract management/administration is an afterthought.  We also see this in relation to accounting & DCAA compliance (but that is a different, yet related, topic).  When contractors overlook how they manage their contract(s), they are setting themselves up for potential problems including scope creep or changes in the market place that can completely wipe out their profits. 

To see if you are at risk of this same problem, ask yourself if the following sounds familiar:

  • Have you ever found yourself in a position where you bid a contract and won the award, but then got into the performance phase to find out that a critical item or service was severely underbid?
  • Or, what if the deliverables or scope of work expected by the Federal Government changed over your period of performance, without equitable changes in the compensation of the contract, running up your costs and destroying your profit?

Is there a way to remedy the situation and become profitable again? Absolutely: file a thorough and well-drafted Government Contract Change Order

In situations like these, many small business contractors don’t realize that a contract change order can mean the difference between staying profitable, and potentially losing thousands, to even millions of dollars on a contract.

What’s more important; you only have one crack at a proper change order, so getting this right from the start, is absolutely critical to contractors.

At ReliAscent, our DCMA and contract management experts have over 150 years of Federal Government contract management experience, and have helped hundreds of clients complete successful contract change orders.  If you would like to learn more about out contract management services and how contract change orders may help your business, download our popular white paper “Government Contract Change Orders 101,” or contact our experts today. We are always happy to help!

Topics: contract management, dcma compliance, contract change orders