WrkPlan Blog

  • Streamline Your Incurred Cost Submission (ICS) Process with WrkPlan

    Government contractors operate in a highly regulated industry, and understanding all applicable requirements for your contracts is crucial. For those involved in cost reimbursement and time and materials (T&M) contracts, the Allowable Cost and Payment clause — Federal Acquisition Regulation (FAR) clause 52.216-7 — mandates the preparation of an incurred cost submission (ICS). What is […]

  • Managing Intellectual Property in Government Contracts: A Discussion of How Government Contractors Can Protect Their Intellectual Property While Working with the Government

    Intellectual property (IP) is an important asset for businesses of all sizes, including government contractors. However, protecting IP in the context of government contracts can be a complex and challenging process. In this article, we will discuss the various types of IP that government contractors may own, the IP rights that the government may claim, […]

  • Firm-Fixed-Price Agreements

    Beyond Fixed Price Contracting

    Requirement Government contracts, particularly those beyond Firm-Fixed-Price (FFP) agreements, are often funded incrementally, with specific allocations for Tasks and/or Contract Line Item Numbers (CLINs). These contracts come with stringent requirements for notifying contracting officers as expenditures approach predetermined thresholds. Accurate tracking and management of these financial flows are critical for compliance and effective contract administration. […]

  • Fixed Price Contracting and Budget Management

    Fixed price contracting can occasionally be a wild ride. Fixed price contracting is akin to sailing through uncertain waters. Like a successful voyage, these contracts are potentially lucrative, but they come a set of risks that demand careful navigation. Smooth sailing is far from guaranteed. Navigating Fixed Price Contracts Fixed price contracts present unique challenges […]

  • Overview of Incurred Cost Proposal (ICP) Process

    Government Contracting Guide: Incurred Cost Proposal (ICP)

    In the realm of government contracting, mastering the Incurred Cost Proposal (ICP) process is crucial. This comprehensive guide addresses frequently asked questions about ICPs, providing valuable insights for new, current, and potential government contractors to help you navigate this critical aspect with confidence. What Is an Incurred Cost Proposal (ICP)? An ICP is a detailed […]

  • Government Procurement Opportunities

    Navigating the World of Government Procurement: Opportunities and Processes

    In the dynamic landscape of business-to-government (B2G) interactions, understanding government procurement is crucial for businesses looking to expand their horizons. This comprehensive guide by WrkPlan dives into the intricacies of government procurement, showcasing its significance in the U.S. economy and outlining the processes involved. Understanding Government Procurement Government procurement, or public procurement, is the process […]

  • Federal Government Structure

    Mastering Federal Government Contracting: A Comprehensive Guide by WrkPlan

    Embarking on the journey of federal government contracting can be complex, but with the right knowledge and tools, it’s a pathway filled with opportunities. This guide provides a detailed overview of the U.S. federal government structure, the nature of federal contracts, and how your business can successfully navigate this landscape. Understanding the U.S. Federal Government […]

  • Federal Acquisition Regulation (FAR)

    A Comprehensive Guide to Understanding and Navigating the Federal Acquisition Regulation (FAR)

    As a federal contractor, you’ll inevitably encounter the Federal Acquisition Regulation (FAR), a critical framework in the government procurement process. This guide offers a foundational understanding of FAR and highlights its most significant elements to help you navigate compliance effectively. What is the Federal Acquisition Regulation? The Federal Acquisition Regulation is the cornerstone of government […]

  • The Role of Teaming Agreements in Government Contracting

    Government contracting is often a complex and multifaceted process that may require diverse skills, resources, and expertise. To address the diverse needs of government agencies, many contractors turn to teaming agreements. These agreements facilitate collaboration and synergy among contractors, enabling them to jointly pursue and execute government contracts. In this article, we explore the role […]

  • Small Business Set-Asides

    Small Business Set-Asides: Opportunities and Benefits

    In the world of government contracting, small businesses often find themselves in competition with larger, more established firms. While the competition can be fierce, the government recognizes the importance of supporting small businesses and fostering economic growth. This recognition has led to small business set-aside programs that offer unique opportunities and benefits. In this article, […]