Federal Gov’t Contracts

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Subcontractor, Independent Consultant, or Employee? What is the difference?

I often hear my clients or other Government Contractors use “Subcontractor” and “Independent Consultant” interchangeably; however, they are not synonymous. Sometimes I hear Independent Consultants being referred to as “1099s”, which is a misnomer because 1099s shall be issued to both unless the Subcontractor is an S or C Corporation. An individual may be working …

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Does Your Company Have Government Reports Due in October? Check Your Contracts.

‘Tis the season of new Government Contract Awards! It’s also the month where there are many Government Contract Reports due either to the Prime or Government. Here are three of the more common contract requirements, their purposes, and why they’re important to the Government. Electronic Subcontracting Reporting System (eSRS) – FAR 52.219-9 – The Government …

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Reminder-Reporting due to Federal Government by October 31

October 31 is the deadline to report to the Federal Government for Service Contracts and Subcontracting Goals., if applicable. This article focuses on Service Contract Reporting. For more information on reporting Subcontractor Goals, go to www.esrs.gov. WHAT: For FY 2015, reporting is required according to the following thresholds (see FAR 4.1703). • All cost-reimbursement, time-and-materials, …

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How to Optimize Your Company’s Technical Team on Labor Contracts

As the Government Fiscal Year comes to a close, many new contract awards will be issued and option periods exercised. One way to optimize your Technical (aka Direct Labor) Team for each Government Services Contract: Hold an Internal Contracts Kick-Off meeting upon award or Option Period Kick-Off (if applicable). Prior to the meeting, establish a …

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Why One Village Member Alone Cannot Optimally Execute a Federal Contract

I have heard many companies and organizations say that a particular Project Manager or Technical Lead can effectively execute a Federal Contract. Although the term “flawlessly” was not used, it was implied. Similarly, a client recently said that I can solve all of their contractual issues. While this is flattering, one person or Department cannot …

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Why Meeting the Financial Forecast is Not Good Enough

If your company is meeting its forecast and running as effectively as possible, then you don’t need to read any further. However, this would infer that your company is perfect; and I don’t believe a perfect company exists. Why is meeting a forecast “not good enough”? Unless your company is doing everything “right” and there’s …

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How to Maximize Profit on Firm Fixed Price (FFP) Service Contracts

Recently, I prepared an Estimate at Completion (EAC) for one of Streamline’s clients for a Firm Fixed Price (FFP) contract. This is a service we recommend and provide to companies to project and see whether they are on-target, under-performing, or over-performing financially. For those who are new to Government Contracts or are not involved on …

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