Sometimes the government either enforces a rule in a different manner than in the past or they may all of a sudden enforce a regulation that previously was overlooked or they might just install a brand new regulation. In all three of these scenarios the awardee is subject to similar pain. That pain is that what they have done in the past is no longer acceptable and they will have to change their habits. In some cases, the government may apply these changes retroactively. This is especially true, for instance, when the DCAA is behind by 5 years or more in audits of companies Incurred Cost Proposals (ICP). This is just one example of what we call the government’s discrimination against small business.
DCAA Compliance Blog
Your Source for DCAA News and Information for Contractors
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DCAA Timekeeping Requirements
For many new government contractors and/or small government contractors, it may be confusing as to what is required and why it is required relative to timekeeping and timekeeping records. This is a very important topic to the government and the government contractor should not underestimate the importance or the need to do it in accordance with what the government expects. In our experience, issues related to timekeeping account for easily the majority of audit findings by the DCAA. Failure to meet these expectations will most certainly result in some stiff lessons, including delayed payment and/or refusal of future contracts. So what is exactly required by the government?