According to Forbes, government contracts are not as lucrative for small businesses as one might think. About 22.5% of federal contracts go to small businesses. Therefore, knowing the capabilities of your company is the first thing that must be considered before attempting to respond to [..Read More..]
How Is Lowest Price Technically Acceptable (LPTA) Impacting The Government Contracting Market
For a few years now, government contractors have had a new challenge to take into consideration when placing bids. Most government agencies are now following a procurement method known as Lowest Price Technically Acceptable or LPTA. Simply put, this practice is about choosing the lowest [..Read More..]
Integrating CRM and contract management results in more effecient Gov Con contract life cycle management
Government contractors face a set of unique challenges due to the nature of their work. The main challenges can be identified as the time and efforts that go into finding work, the need to comply with guidelines that can differ from one government agency to [..Read More..]
How To Properly File Incurred Cost Proposals
An Incurred Cost Proposal (ICP) is a report of your actual indirect expenses that you are required to submit annually when you have a Cost Reimbursable contract. You should file no later than six months after the end of the fiscal year during which you [..Read More..]
Understanding Federal Acquisition Regulation (FAR) Part 31 And Reimbursable Costs
The Federal Acquisition Regulation (FAR) Part 31 exists to help government contractors determine which costs are reimbursable and how these costs should be accounted for. This is a document every contractor needs to be familiar with since charging for costs not covered under FAR Part 31 [..Read More..]
To Find The Best Cloud ERP System, Ask Questions
In the world of Enterprise software “There is no such thing as a stupid question.” According to ERP Cloud News, “Cloud ERP vendors are becoming increasingly more and more competitive as the “SaaS Wars” continue to expand across the world of Enterprise software.” The Cloud [..Read More..]
Government Contractors: Are Your Business Systems Compliant?
Government Contractors: Are Your Business Systems Compliant? As a result of the National Defense Authorization Act (NDAA) of 2011, all contracts that are subject to Cost Accounting Standards (CAS) are required to have acceptable business systems as a condition to contract award. This means anyone [..Read More..]
Need To Know More About Complying With The Service Contract Act?
Need To Know More About Complying With The Service Contract Act? The Service Contract Act, also known as McNamara–O’Hara Service Contract Act of 1965 is meant to secure certain wages and benefits standards for the individuals employed by government contractors. As a government contractor, it is [..Read More..]
Welcome to Prime Insights- A JAMIS Blog
Hello and welcome to the all-new Prime Insights- A JAMIS Blog! Thank you for visiting our new blog. We are pleased to be kicking off the Prime Insights blog created specifically for the government contracting industry. Here we will be sharing valuable insights from industry [..Read More..]
