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Part 2 of a two-part series on DCAA compliance.
Below are a few checklists to help you organize your DCAA pre-awarded contract process, as well as post-award and internal controls needs.
Before you begin the request for proposal (RFP) process for a DCAA-engagement, it’s important to have all your documentation and processes in place prior to submitting the proposal. These items will become must-haves prior to beginning work on the DCAA project; so, why not have them in place beforehand? For assistance, contact us or visit the DCAA.org web site.
Prior to the RFP process, consider this these elements—several of which were covered in more detail in our DCAA Part I blog article from December 2011.
Once you have been awarded the contract, consider these items in your Action List:
Finally, having the right DCAA-compliant software is an invaluable part of your project’s success.
Also, working with a certified DCAA accounting team who knows the ins-and-outs of the contract process, document-recording procedures, unallowable costs identification, and regulations around DCAA-contracts will help make the process easier.
Take your time when considering the requirements of a DCAA contract. Do your homework and talk to contractors with experience in this area. Keeping all the steps, details, and processes top of mind will help to make your DCAA contract experience run that much smoother.
If you have questions about a DCAA audit, contact us. We’d be happy to walk you through the nuance, regulations, and set-up procedures.