WrkPlan Blog

• Taking Over a GovCon Contract? What is a Novation anyway?

  March 17th, 2023

  Understanding FAR 42.1204, the federal government’s rules for a novation. FAR 42.1204 is a set of rules and regulations established by the federal government that govern the process of a novation in government contracts. A novation is a legal agreement that transfers the rights and obligations of one party to a third party. In the […]

• How are emerging technologies changing the way the government buys goods and services?

  March 16th, 2023

  Emerging technologies are transforming the way the government buys goods and services in several ways: E-Procurement: The use of e-procurement systems is becoming more widespread, allowing for streamlined and efficient procurement processes. These systems often include features such as online bid submissions, automated supplier selection, and electronic contract management. Artificial Intelligence: AI is being used […]

• What are people asking about the DoD?

  March 16th, 2023

  The Department of Defense (DoD) is a federal agency responsible for providing military forces to deter war and protect the security of the United States. Some popular topics/questions regarding the DoD include: Acquisition: The DoD is one of the largest buyers of goods and services in the world, and contractors often have questions about how […]

• What happens if you fail the DCAA floor check audit?

  March 15th, 2023

  If a contractor fails a DCAA (Defense Contract Audit Agency) floor check audit, it means that the DCAA has identified deficiencies or discrepancies in the contractor’s labor records that may indicate non-compliance with applicable regulations. The consequences of failing a DCAA floor check audit can be serious and may include: Corrective Action Plan: The DCAA […]

• What are the requirements for an adequate accounting system that support cost reimbursable contracts?

  March 15th, 2023

  The requirements for an adequate accounting system that support cost reimbursable contracts are established by the Federal Acquisition Regulation (FAR) and the Defense Federal Acquisition Regulation Supplement (DFARS), and generally include the following: Proper segregation and identification of direct and indirect costs: The accounting system must be able to properly segregate direct costs (i.e., costs […]

• What is a (DCAA) labor interview?

  March 15th, 2023

  A DCAA (Defense Contract Audit Agency) labor interview is an audit procedure performed by the DCAA to assess a contractor’s labor practices and ensure compliance with applicable regulations, such as the Federal Acquisition Regulation (FAR) and the Defense Federal Acquisition Regulation Supplement (DFARS). During a DCAA labor interview, auditors will typically interview the contractor’s employees […]

• Understanding Meta Tags and How They Impact Your Website

  March 15th, 2023

  Meta tags are HTML tags that provide information about the content of a web page to search engines. While meta tags are not as important for SEO as they once were, they can still have an impact on how search engines understand and display your website’s content. Here are some tips for setting meta tags […]

• Where in the DCAA regulations are the requirement for timekeeping polices?

  March 15th, 2023

  The Defense Contract Audit Agency (DCAA) has established timekeeping requirements for contractors working on government contracts. These requirements are outlined in the DCAA Contract Audit Manual (CAM) Chapter 5-909, which provides guidance on the specific policies and procedures that contractors must follow to comply with government contract timekeeping requirements. CAM Chapter 5-909 outlines the following […]

• What are the Timekeeping Requirements to Maintain DCAA Compliance?

  March 15th, 2023

  The Defense Contract Audit Agency (DCAA) is responsible for auditing and reviewing the financial records and practices of government contractors. As part of their review process, the DCAA places a strong emphasis on timekeeping compliance requirements for contractors who are working on government contracts. Some of the key requirements include: Accurate and complete timekeeping records: […]

• What are proven strategies for staying relevant and competitive in the government contracting space?

  March 14th, 2023

  Staying relevant and competitive in the government contracting space requires a proactive and strategic approach. Some proven strategies to achieve this include: Continuous Learning: To stay relevant and competitive, government contractors should focus on continuous learning and skill development. This includes keeping up with industry trends, changes in regulations, and new technologies. Companies can invest […]