By Glenn Anstead, Raffa Technology
Is your organization new to government contracting?
Do you have cost reimbursement contracts?
Are you receiving progress payments based on cost?
If your answer is yes to any of these questions, then you should familiarize yourself with the newly released Preaward Accounting System Adequacy checklist.
This checklist is used for contractors new to government contracting that have cost reimbursement contracts, or for contractors that are receiving progress payments based on cost. The checklist assesses whether the requirements for an adequate accounting system have been met.
The new 10-page checklist is available to download from the DCAA website.
If your organization has any questions about completing this checklist, or would like to discuss prospective accounting systems that can assist you in meeting the Preaward Survey, please contact me.