Government Contracting Under the FAR & AASHTO Guides: Everything You Need to Know, and More!

Every year, firms are held liable for overhead rate errors.

And it’s no wonder, Federal Acquisition Regulation (FAR) overhead rates are notoriously complex and loaded with tricky nuances. Correctly interpreting and applying the FAR requirements is critically important.

Learn how to avoid costly errors when contracting with the government from the leading GovCon authorities.

Join SN's FAR experts Tony Machi and Wayne Owens for this 2-day educational event where you'll learn everything you need to know about Government Contracting. Plus, earn 14 CPE credits in Accounting (Government).

Topics Covered Include:

Overview of FAR theory and related rules
What the AASHOT Guide means for your firm
Navigating federal vs. state requirements
Roles and responsibilities for your firm vs. the state DOT vs. sub-contractors
Accounting system requirements you must have in place
The importance of timesheets
How to use "Cognizant Letter" to simplify your contracting
Determining if Cost Accounting Standards apply to your firm
The future of technology use
Field rate development
What your PM's & Principals need to know when proposing on a government contract
Complying with FAR financial management system requirements
FAR requirements for internal controls
Allowable related party transactions under FAR
Ideal labor costing method alternatives
Proper compensation planning
Executive compensation under FAR
Can an agency limit your direct rates?
Does the BBA rate apply to your contracts?
Why allowable overhead is the most significant profit factor for government contract negotiations
Minimizing unallowable overhead
Allowable business development costs
Allowable vs. unallowable: warrantee, insurance, interest, and lobbying costs.
Which overhead costs are never allowed?

Stambaugh Ness is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of Accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

For more information regarding refund, concerns, and program cancellation policies, please contact snmarketing@stambaughness.com.

Speaker and Presenter Information

Tony Machi Headshot

Tony Machi, CPA, MBA, CDA

As a Manager in SN’s Government Contract Services practice area, Tony knows AE deeply, having long served at senior levels within the governmental and financial compliance function of one of the largest engineering firms in the U.S. He has become nationally recognized as a foremost expert on Federal Acquisition Regulation (FAR) strategy and compliance and firm profitability by peers in the ACEC/AASHTO audit community.

T Wayne Owens Headshot

Wayne Owens, CPA, CGMA, CDA

Over his 35+ year career, T. Wayne has established himself as a respected thought leader in the architecture and engineering industry. As the founder of T. Wayne Owens & Associates, PC, Wayne honed his skills providing consulting, auditing, and financial management services for firms nationally as well as serving as CFO of an architectural firm. You can frequently find him presenting to national audiences on his favorite industry topics including AE auditing and financial management, the AASHTO Uniform Audit & Accounting Guide, FAR overhead rates, government contracting, and project accounting.

Wayne believes in doing more than just providing a service. He spends time building collaborative relationships with his clients so he can provide meaningful guidance and input. Helping firms make the best, most informed business decisions is the best part of Wayne’s job. His deep industry connections with ACEC, AIA, PSMJ, AASHTO, and state departments of transportation means that Wayne is always on the inside track with trends, regulations, and innovations that may impact your firm.