DCAA Compliance Blog

Your Source for DCAA & FAR Compliance News and Discussion

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!  


 

4th Quarter Federal Government Procurement System

Posted by Mike Anderson on Fri, Jul 18, 2014 @ 11:39 AM

I watched a Bloomberg webinar earlier this week about the fourth quarter spending plans for the US Government.  I’ve always known that there is usually money left over in the budget that ends up being spent in a flurry in the government’s fourth quarter.  The Federal Government procurement system is a very peculiar system for those that are not used to it.  This webinar went into a lot of detail regarding which agencies have money left over, why and how they might spend it.  For any government contractor that is interested in finding opportunities in the fourth quarter, it might already be too late this year but the webinar could provide hints on what to do in order to position a government contractor for future fourth quarter frenzies. 

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Topics: Government Spending, Procurement System


Fixing the Defense Department Procurement System

Posted by Mike Anderson on Fri, Jul 11, 2014 @ 05:15 AM

The House and Senate Armed Services Committees are currently looking into suggestions on how to "fix" the Defense Department Procurement system.  Industry groups, such as the National Defense Industry Association (NDIA), have been asked to submit suggestions to the committees by this month to be considered for the 2016 Defense Authorization Bill.  There has been a lot of talk on how to make the system better over the years but most people think that the system has become more cumbersome and somewhat less effective over the years.  Many argue that the taxpayer is not getting the best value for their money.  That is hard to argue when you see so many defense programs over budget and late in delivery (The FA-22 & F-35 aircraft are two good examples that come to mind).  So what will make this attempt to "fix" the system any different from past attempts?  According to Rep. Mac Thornberry (R-Texas) the committee is interested in why current laws and regulations didn't work as intended, not in adding new regulations. Rep. Thornberry is currently overseeing the House Armed Services Committee looking into defense procurement reform. 

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Topics: Defense Acquisition, Procurement System