There is accounting…and then there is Government contract accounting. Cost-based government contractors are subject to a wide range of unique accounting regulations such as Cost Accounting Standards (“CAS”) and FAR contract cost principles. While CAS and FAR are based on Generally Accepted Accounting Principles (“GAAP”), major differences abound. Without an adequate system in place, a contractor may be faced with...

Annual Review: Hot Issues in Federal ContractingCentre’s flagship event provides everything you need to know to stay current in the ever-changing field of government contracts. This one-day event serves as a refresher on the developments in contracting over the past year and as an opportunity to network with your peers. Our agenda hosts a series of distinguished speakers and panelists, both from government and industry, covering vital t...

The Federal Acquisition Regulation (FAR) and the Defense Federal Acquisition Regulation Supplement (DFARS) requires Federal prime contractors and subcontractors, small and large alike, to flow-down certain clauses from their contracts when buying items from their suppliers and subcontractors. Although Small businesses are exempt from the requirement for subcontracting plans, small businesses are not exempt from FAR and DFARS flowdown requireme...

The DFARS provides Department of Defense (DoD) implementation and supplementation of the Federal Acquisition Regulation (FAR). The DFARS contains requirements of the law, DoD-wide policies, delegations of FAR authorities, deviations from FAR requirements, and policies/procedures that have a significant effect on the public. Relevant procedures, guidance, and information that do not meet the criteria for inclusion in the DFARS are issued in the...

The Service Contract Labor Standards (SCLS), formerly the Service Contract Act, is one of the most challenging acts in federal contracting, and it is surrounded by a lot of misinformation. Our attorneys and instructors know the law.How Our Course Is Different:This is not a seminar taught by bureaucrats obligated to preach the DOL party-line. Centre’s program is taught by expert lawyers who offer real-world, practical advice.Our instru...

The Federal Acquisition Regulation (FAR) made its official debut in Federal contracting on April 1, 1984, as the successor to the Federal Procurement Regulations (FPR). Some saw the April Fool’s Day effective date as a bad omen, but over the last 34 years, trillions of dollars have been spent pursuant to the FAR’s authority, covering the procurement of donuts to major weapons systems. Long-time acquisition professionals consider th...

Centre’s Boot Camp for GSA Schedules isn’t just about getting a GSA contract. This course hones in on obtaining a schedule, maintaining compliance, and ultimately driving your government sales. Centre’s GSA gurus will help you keep up with the changes that affect your contract administration and compliance efforts. In addition, you’ll learn the key components to making your GSA Schedule a worthwhile investment for your...

Cost and Pricing Data; “Fair and Reasonable Prices;” Commerciality Determinations (Formal and Informal) Contract pricing: everyone does it, but no one wants to talk about it. This course will deal with some of the most critical issues involving contract pricing. Taught by an experienced government contracts attorney, this course will cover: What is “cost or pricing data,” and what must the contractor provide to the gove...

The last several years have seen legislation enacted and rules promulgated which significantly impact small business programs in the Federal Marketplace. These changes result from the continuing implementation of the Small Business Jobs Act of 2010 (Public Law 111-240), and annual National Defense Authorization Acts. The new year will undoubtedly hold much promise for those engaged in the Federal Marketplace, and it may prove an opportune time...

The Department of Veterans Affairs (VA), under a delegation of authority from the U.S. General Services Administration (GSA), administers nine Federal Supply Schedules. These schedules cover pharmaceuticals, medical, surgical, and dental supplies and equipment, patient mobility devices, allied healthcare professional staffing in Federal healthcare facilities, cost-per-test clinical laboratory analyzer, x-ray supplies, and in-vitro diagnostics,...