In late January this year, the DoD issued a final ruling to update, clarify and streamline Government property management requirements. The result of this ruling creates a new GFP Reporting clause - DFARS 252.245-7005, Management and Reporting Government Property. The new rule consolidates four existing clauses into one (DFARS 252.245-7005) and therefore removes the following [...]
Bowhead Case Study The Bowhead family of companies offers a wide range of services encompassing information technology, advanced engineering, manufacturing and program management. Bowhead’s 3,000+ employees deliver exceptional support to defense and civilian government agencies across the United States and worldwide. Bowhead holds more than 300 contracts and undergoes continuous audits by the Defense Contracting [...]
Last week, the Pentagon released their annual department-wide Audit results for FY2023. For the sixth year in a row, the Defense Department was unable to achieve a clean audit opinion. Meaning that more than half of their assets did not meet auditing standards and the DoD did not pass the audit. 2023 DEFENSE AUDIT RESULTS [...]
Portsmouth, RI – A2B Tracking, a Deltek Marketplace Partner, is pleased to announce their new integration to the Deltek Costpoint Inventory module, offering enhanced capabilities for Inventory and Government Property Management. This integration between the A2B Tracking platform, UC! Web, and the Deltek Costpoint Inventory module delivers robust Government Property Management features to Costpoint users. [...]
In 2017, we wrote the original DCMA Survival Guide to provide the GovCon community support in navigating the challenging DCMA Audit landscape. Government contractors need to stay compliant and up to date with the detailed requirements and obligations of their contracts. Specifically, all employees need to have a thorough understanding of their contract obligations as well [...]
This week the GAO recommended that the Defense Dept. develop a strategy to address the material weaknesses surrounding government furnished property (GFP). Auditors have been reporting on the GFP-related material weakness for decades. This recent GAO report acknowledged that greater accountability is needed for government property in the possession of contractors and that a comprehensive [...]
The key differences between these two Military Standards is that MIL-STD-130 contain the regulations for Item identification and MIL-STD-129 contain the regulations for Shipping identification. What is MIL-STD-130 Military Standard 130 (or MIL-STD-130) is the asset identification standard for the US Department of Defense that gives directions on how to mark [...]
The Pentagon completed its fourth annual Department-wide, full financial Audit this month. And for the fourth year in a row, the Defense Department was unable to achieve a clean audit opinion. Michael McCord, undersecretary of Defense (comptroller) and chief financial officer stated that “we do not yet have a clean opinion and we have a [...]
This article was originally published on the Deltek Costpoint blog. Read the entire article there. Passing DCMA Audits with A2B Tracking and Costpoint By Peter Collins Defense Contract Management Agency (DCMA) Audits come with the territory when conducting business with the United States Department of Defense (DoD) and other government agencies. DCMA Audits ensure that [...]
Trident Research Case Study Trident Research is an engineering solutions company with headquarters located in Austin, Texas. Their mission is to create world class instrumentation systems and technologies that push the boundaries of innovation. Founded in 2001, Trident benefits from the close proximity to the University of Texas at Austin and leverages the creative [...]
