On October 20, 2016, our Aronson LLC government contracting specialists Donna Dominguez and Aisha Mian hosted “Decoding Budgeted Indirect Rates,” where they provided tips, guidance, and best practices to help government contractors efficiently build their budgeted indirect rates for the upcoming year. As a follow up to this webinar, Donna and Aisha have prepared answers to a large number of attendee questions that we wanted to share. To watch the webinar, please visit this link.
Federal contractors, don’t forget that three important reporting deadlines are coming up this month! For GSA Schedule contract holders, the deadline for 72A Sales Reporting and IFF remittance is Sunday, October 30th. You must report, even if you have zero sales in the preceding quarter. Log in to the 72A Reporting website to complete these action items.
For contractors who have an approved small business subcontracting plan on an active federal contract, the Individual Summary Report (ISR) and/or Summary Subcontracting Report (SSR) must also be submitted by Sunday, October 30th. Reports are required regardless of whether there has been any subcontracting activity. Log into the eSRS system to complete your ISR and/or SSR.
Finally, companies with service contracts containing FAR 52.204-14 or 52.204-15 (which includes GSA Schedule holders), must complete their Service Contract Report (SCR) in the System for Award Management (SAM) by Monday, October 31st. You can find more detailed information about the SCR requirements, including submission instructions, in this blog.
A failure to meet service contract reporting requirements may result in the government finding a contractor non-compliant. In accordance with FAR Subpart 4.1704,“If the contractor fails to submit a report in a timely manner, the contracting officer shall exercise appropriate contractual remedies…[and] make the contractor’s failure to comply with the reporting requirements a part of the contractor’s performance information” in the Contractor Performance Assessment Reporting System (CPARS).
Should you have any questions or concerns regarding these reporting requirements or deadlines, please contact Jennifer Aubel at firstname.lastname@example.org 301.231.6253.
In late June 2016, the highly coveted Alliant 2 SB RFP was released and within the 174 page document, there lies section L.5.4.2 Approved Purchasing System. This scoring element is 1500 points of the total points and requires offerors to provide support that their purchasing system has been approved for compliance within the past five years though a Contractor Purchasing System Review (CPSR).
In late June 2016, the highly coveted Alliant 2 SB RFP was released and within the 174 page document, there lies section L.5.4.1 Cost Accounting System and Audit Information. This scoring element is weighted at 6.6 percent of the total points and requires offerors to provide support that their accounting system has been deemed adequate through an SF1408 audit.