Government Contracting Services

Depth and breadth are what differentiate our service offerings from those of our competitors. Our professionals are experienced with the inner-workings of government contracting and have been through each of the issues listed below several times over. This intimate knowledge allows them to serve you better.

GSA Schedules

  • Reviewing, assisting or preparing GSA Schedule proposals or modifications (e.g., economic price adjustments, option period renewals, additional labor categories or products, etc.)   
  • Assisting with or conducting GSA Schedule negotiations   
  • Evaluating existing GSA Schedules for profitability and developing strategies for maximizing profit   
  • Performing "mock" IG audits for post-award compliance with IFF, price reduction and defective pricing clauses   
  • Reviewing commercial pricing and discounting practices, policies and procedures for GSA Schedule adequacy   
  • Conducting training sessions about the benefits and risks of GSA Schedule contracting

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Evaluate indirect cost rate structures

  • Establishing appropriate general administrative cost allocations and designing multiple overhead pools   
  • Ensuring compliance with Federal Acquisition Regulations cost principles and relevant Cost Accounting Standards requirements   
  • Competitively structuring indirect cost rates to maximize profitability and cost recovery   
  • Providing insight and analysis to optimize indirect cost rate structures on all contracts   
  • Recommending the best presentation and timing of indirect cost rate structure revisions   
  • Preparing impact analysis of rate changes based on existing and projected contract revenue   
  • Ensuring appropriate level of homogeneity within fringe/overhead expense pools

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Consulting
Our government contractor services team is known for its:

  • Accounting, tax and regulatory expertise in government contracting   
  • Contract and consulting experience with various agencies   
  • Proactive team approach   
  • Dedicated and responsive personal service and communication   
  • Significant DCAA experience

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Tax consulting

  • Comparing "S" corporation vs. "C" corporation to determine most favorable filing status   
  • Providing merger and acquisition analysis and tax due diligence reviews   
  • Assisting large service corporations in maintaining the cash basis method of accounting   
  • Helping contractors recognize their lines of business in order to meet the requirements of a qualified personal service corporation   
  • Structuring buy/sell agreements among owners of closely held companies   
  • Reviewing nonqualified deferred compensation plans for key executives   
  • Planning and structuring corporate reorganizations that satisfy SBA administrative requirements, federal procurement regulations and income tax objectives

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Act as audit agency liaison
We can serve as a liaison between cognizant federal audit agencies and procurement offices. We will present your position on billing issues, contract negotiations, defective pricing, bid protests and equitable claims. Our objective is to protect you and your interests and maintain your professional relationships.

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Prepare, review and negotiate government pricing actions

  • Contract interpretation and risk   
  • Preparation and negotiation of cost and pricing actions on cost-reimbursable and fixed-price contracts   
  • Maximum profitability on fixed-price contracts   
  • Maximum reimbursement of costs under cost reimbursement contracts, including subcontracts   
  • Preparation and negotiation of incurred cost claims   
  • Preparation and negotiation of equitable adjustment claims due to changes, delay, suspension and differing site conditions   
  • Preparation and negotiation of provisional billing and final indirect rates   
  • Preparation and negotiation of costs under terminated contracts   
  • Review and negotiation of subcontract cost and price proposals

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Review costs to ensure allowability
We will review how your costs are classified and charged as we assist in building a defense advocating maximum recovery. The types of costs often at issue include:

  • Executive compensation   
  • Incentive compensation   
  • Marketing expenses   
  • Legal fees   
  • Lease costs from affiliated parties

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Simulated DCAA audit
To ensure your compliance with government requirements, we’ll perform simulated DCAA audits. This not only improves cost recovery and profitability, but it also avoids problems at the time of the initial audit. Our simulated DCAA audit includes:

  • Reviewing contract status and job cost reports   
  • Reviewing categorization of individual expenses for cost allowability   
  • Reviewing the propriety of the contractor’s indirect rate structure   
  • Compare proposed rates with actual rates and analyzing variances   
  • Reviewing financial ratios, forecasting cash flows and determining allowability   
  • Developing rate strategies to maximize profitability and competitiveness; analyzing on-site and off-site rate components; and considering material handling rates, value-added G&A and special G&A allocation   
  • Reviewing timekeeping policies and practices to ensure compliance with FLSA and government requirements   
  • Preparing new forecasts and submitting them to DCAA under cover letter requesting approval of new provisional billing rates   
  • Performing general government audit risk assessments, including evaluation of compensation, uncompensated overtime, timekeeping practices, capitalization and expense policies and other issues as necessary   
  • Reviewing final overhead submissions for compliance with government audit objectives

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Review government contracting procedures
Our clients benefit from our government contracting service team’s knowledge of cost accounting standards, FAR and DCAA guidelines. We focus on current FAR requirements and related issues, saving you time and money.

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Provide settlement audit findings
We frequently offer solutions to government agency audit discoveries of unallowable costs ranging from employee morale expenses to contract modifications. We will enhance your bargaining power and work to avoid former appeals.

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Related Resources

RSM McGladrey Inc. and McGladrey & Pullen LLP have an alternative practice structure. Through separate and independent legal entities, the two firms work together to serve clients’ business needs. RSM McGladrey is not a licensed CPA firm.

RSM McGladrey Inc. is a member of RSM International - an affiliation of separate and independent legal entities.

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