04 Dec 2013 13:00 : Is Your Purchasing System Making the Grade?

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Failure to maintain a purchasing system that meets or exceeds the Federal government’s standards could spell trouble for government contractors, especially if you contract with DoD. The new Business Systems Rule, finalized in February 2012, authorizes the Contracting Officer to withhold up to 5% of the contractor’s payments in the event a required business system is deemed to be unacceptable. Approved purchasing systems also avoid the time and resources devoted to providing advance notification and obtaining consent, reduce contractor risk, increase contractor competitiveness and in some cases, are a prerequisite for bidding on contracts.
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Aronson LLC has been thinking ahead for its clients for more than 50 years. Aronson’s construction, real estate, government contracting, nonprofit, technology and private industry experts provide innovative audit, tax, and consulting services that help its clients move to the next level. From start-up to exit strategy, Aronson works with companies throughout the entire business lifecycle by proactively identifying opportunities and addressing challenges so that clients are able to focus on their core business. Aronson shows companies how to rethink everything to be more profitable, more competitive and better prepared for the future.

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