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Federal contractors · FAR · DFARS · DCAA
From your first cost-type contract to a mature indirect rate structure, we build the accounting system, prepare the incurred cost submission and stand beside you when DCAA or the contracting officer asks questions.
The forms and rules that come up most often in this practice.
What we handle
Cost-reimbursable and T&M contracts come with obligations that commercial accounting doesn't cover: segregating unallowable costs, timekeeping discipline, defensible indirect pools, and an incurred cost proposal due six months after each fiscal year end.
Our Northern Virginia and DC teams work with small and mid-size contractors every day, from 8(a) and other socioeconomic program participants to established primes.
Speak with an advisorWhere we help
Catching up multiple years and reconciling to the general ledger.
Making the accounting system adequate before the contracting officer signs.
Restructuring pools when billed rates and actual rates drift apart.
Getting financial reporting ready for SBA and future teaming.
Our approach
Review of your contract mix, ledger, timekeeping and current rates.
Pool structure, policies and system changes documented in writing.
Monthly rate monitoring, billing support and year-end close.
Incurred cost submission, audit liaison and responses to findings.
Questions
If your question isn't here, call (703) 880-8412 and you'll reach a person.
Under FAR 52.216-7, contractors with flexibly priced contracts generally submit within six months after the end of each fiscal year. Extensions require contracting officer approval.
Among other things, it must segregate direct from indirect costs, identify and exclude unallowable costs, accumulate costs by contract, and support timekeeping that ties labor to final cost objectives. The SF 1408 checklist summarizes the criteria.
Pure firm-fixed-price work usually carries fewer cost accounting requirements, but certified cost or pricing data, T&M contracts and future cost-type awards can change that. Building the system early costs less than retrofitting it.
Yes. We help 8(a) participants build the accounting, rate and audit history they'll need to compete after graduation.
Latest updates
SBA published a final rule titled Removing Constitutional Concerns From SBA Programs. Current and prospective 8(a) participants should review how eligibility and certification are affected.
Source: Federal Register
Proposed size standard changes can affect whether a contractor qualifies for set-aside awards. Check your primary NAICS codes against the proposal.
Source: Federal Register
The proposal would replace the former presumption with a single individualized test. Comments closed July 13, 2026.
Source: Legal 500
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