Government Contractors

HeimLantz has been working with government contractors throughout Maryland, Washington DC, and northern Virginia since the mid-eighties. From start-ups and set-aside programs to larger established contractors, we have maintained a number of relationships in this space over 20 years. Government contractors have all the tax, audit, M&A, exit strategies, and wealth management concerns that other businesses have, but, most importantly, they have a whole host of unique needs surrounding contract compliance and the constant effort to maximize cost recovery.

Here are the typical areas of greatest concern. As you read this list you’ll begin to see that we intimately understand the headaches you face, and understand that we are uniquely qualified to help your company succeed:

  • Dealing with DCAA and successfully surviving a DCAA or other Government oversight agency audit
  • Compliance: Cost accounting standards, Federal Acquisition Regulations (FAR) – what are allowable costs?
  • Preparation of Annual Incurred Cost Reports
  • Rate justifications and buildup methods
  • Definition, delineation and justification for direct costs, fringe costs, indirect costs, overhead costs, G&A costs
  • Bid and proposal costs and allocations
  • Preparation of budgets and tracking of budgets to actual costs incurred
  • Calculation of appropriate burden rates: fringe, overhead, and G&A
  • Effective contract pricing – make sure you’ve covered all your costs
  • Internal controls – implementing best practices minimize lost profits
  • Special Small Business Administration (SBA) set-aside programs: 8a minority status, women-owned, veteran-owned
  • Pre-award preparations
  • Dealing with multiple types of contracts: FFP (firm fixed price), CPFF (cost plus fixed fee), T&M (time and material), IDIQ (indefinite delivery – indefinite quantity), BPA (blanket purchase agreement), GSA Schedule

If any one of these areas strikes a nerve, call or email to speak to one of our professionals.