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Government Contract Regulations History

Beyond Fixed Price Contracting

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Beyond Fixed Price Contracting

Requirement Government contracts, particularly those beyond Firm-Fixed-Price (FFP) agreements, are often funded incrementally, with specific allocations for Tasks and/or Contract Line Item Numbers (CLINs). These contracts come with stringent requirements for notifying contracting officers as expenditures approach predetermined thresholds. Accurate tracking and management of these financial flows are critical for compliance and effective contract administration. […]

Accounting & Finance in Government Contracting

Government Contracting Guide: Incurred Cost Proposal (ICP)

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Overview of Incurred Cost Proposal (ICP) Process

In the realm of government contracting, mastering the Incurred Cost Proposal (ICP) process is crucial. This comprehensive guide addresses frequently asked questions about ICPs, providing valuable insights for new, current, and potential government contractors to help you navigate this critical aspect with confidence. What Is an Incurred Cost Proposal (ICP)? An ICP is a detailed […]

Business Development & Market Trends

Navigating the World of Government Procurement: Opportunities and Processes

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Government Procurement Opportunities

In the dynamic landscape of business-to-government (B2G) interactions, understanding government procurement is crucial for businesses looking to expand their horizons. This comprehensive guide by WrkPlan dives into the intricacies of government procurement, showcasing its significance in the U.S. economy and outlining the processes involved. Understanding Government Procurement Government procurement, or public procurement, is the process […]

Business Development & Market Trends

Mastering Federal Government Contracting: A Comprehensive Guide by WrkPlan

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Mastering Federal Government Contracting

Embarking on the journey of federal government contracting can be complex, but with the right knowledge and tools, it’s a pathway filled with opportunities. This guide provides a detailed overview of the U.S. federal government structure, the nature of federal contracts, and how your business can successfully navigate this landscape. Understanding the U.S. Federal Government […]

Compliance, Audits, and Regulations

A Comprehensive Guide to Understanding and Navigating the Federal Acquisition Regulation (FAR)

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Federal Acquisition Regulation (FAR)

As a federal contractor, you’ll inevitably encounter the Federal Acquisition Regulation (FAR), a critical framework in the government procurement process. This guide offers a foundational understanding of FAR and highlights its most significant elements to help you navigate compliance effectively. What is the Federal Acquisition Regulation? The Federal Acquisition Regulation is the cornerstone of government […]

Small Business Strategies in Government Contracting

Small Business Set-Asides: Opportunities and Benefits

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Small Business Set-Asides

In the world of government contracting, small businesses often find themselves in competition with larger, more established firms. While the competition can be fierce, the government recognizes the importance of supporting small businesses and fostering economic growth. This recognition has led to small business set-aside programs that offer unique opportunities and benefits. In this article, […]

Accounting & Finance in Government Contracting

Tips for Winning Government Contracts: A Competitive Edge

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Winning Government Contracts

Government contracting offers numerous opportunities for businesses to provide goods and services to federal, state, and local agencies. However, securing these contracts is a highly competitive process, often requiring a combination of strategic planning, meticulous preparation, and an in-depth understanding of the government’s requirements. In this article, we will explore essential tips and strategies to […]

Government Contract Regulations History

Navigating Government Contracting Regulations: A Comprehensive Guide

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Federal Acquisition Regulation (FAR)

Government contracting can be a lucrative venture, offering businesses the opportunity to provide goods and services to federal, state, and local government agencies. However, the path to success in the government contracting arena is not without its challenges. Government contractors must adhere to a complex web of regulations and compliance standards, often varying from one […]

Blog

Preparing for DCAA Requirements in Your Accounting System

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Government Contracting is arguably one of the most regimented and regulated industries in the US. It would make sense that being regulated in such a way would cause the delineation between departments we often see in Government Contract holding companies. The one constant topic of discussion in GovCon, and our most favorite subject, is DCAA […]

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