A little history for government contractors: the DCAA tripled the number of Defective Pricing Audits in FY 2020, once their extensive backlog of Incurred Cost Audits had finally been eliminated in 2019. However, along with that shift in 2020, came the COVID pandemic (and trillions of dollars of aid as well as government contracts & grants). Not only will DCAA continue this focus, but now some of those organizations that were awarded contracts and grants related to COVID may also be at risk of a a Defective Pricing Audit.
Given this, now is an excellent time to revisit cost and pricing data, TINA, FAR Part 15, and what they all mean for government contractors. The following blog is taken from a popular white paper, written by ReliAscent Account Executive, Dave Donley. It provides valuable insights into these topics and is a terrific resource for new government contractors.
As always, we encourage all Federal Government Contractors and Grantees to subscribe to the ReliAscent Blog and White Paper Distribution List to stay informed and contact us if you ever have any questions about DCAA compliant accounting, contract management, or business and financial management services.
Read the Full Blog Here