NAPEX Training Events

The National APEX Accelerator Alliance (NAPEX) and your local APEX Accelerator are excited to announce the upcoming DCAA Cost Reimbursable Requirements Series. Part 1 of the Cost Reimbursable Requirements Series includes Accounting System Requirements and Real Time Labor Evaluations. Prior to being awarded a cost reimbursable contract, federal government contractors need to ensure their accounting system is adequate for determining costs applicable to federal contracts. This is accomplished when DCAA conducts a Pre-Award Accounting System Audit at the request of a federal agency. During this training, DCAA will discuss the federal regulations that define an acceptable accounting system, evaluate the minimum requirements of the SF 1408 criteria, and how small businesses can prepare for this type of audit. Experts from DCAA will differentiate between direct versus indirect costs, define total contract costs, provide an overview of indirect allocation bases, and learn how FAR Part 31 clauses describe allowability, allocability, and reasonableness. Once awarded a cost reimbursable contract award, contractors are eligible for floor check audits, otherwise known as “real-time labor evaluations”. Join DCAA as we discuss what is a real- time labor evaluation, why DCAA performs them, and how small businesses can prepare for these audits.

The National APEX Accelerator Alliance (NAPEX) and your local APEX Accelerator are excited to announce the upcoming DCAA Cost Reimbursable Requirements Series. Part 2 of the Cost Reimbursable Requirements Series includes Incurred Cost Submissions and Contract Briefs. At the end of a defined accounting period, federal government contractors must submit actual costs incurred to DCAA. The intention of this process is for DCAA to review costs claimed to ensure they are allowable, allocable, and reasonable per FAR 31, as well as within the terms of their respective contracts. DCAA will discuss requirements for the annual submission and what DCAA considers to be elements of an adequate submission. This training provides an overview of the DCAA Incurred Cost Electronic (ICE) model, which provides contractors with a standard user-friendly package to compile their financial data. DCAA will also discuss its adequacy review process and means of how they select submissions for audit. Why is briefing your contracts so important? Contract briefs are your “One Stop Shop” for all pertinent information, including contract provisions, clauses, requirements, allowability, funding, and so much more! DCAA will discuss the use of contract briefs in audits, reviewing vouchers, and the usefulness of contract brief information while monitoring your contract expenditures.

The National APEX Accelerator Alliance (NAPEX) and your local APEX Accelerator are excited to announce the upcoming DCAA Billing Series, including Provisional Billing Rates and Barriers to Payments from a DCAA Perspective. Cost reimbursable contract awards are great for small businesses because of the opportunity for frequent monthly billing. One requirement of cost reimbursable awards and monthly invoicing to the government is the need for Provisional Billing Rates (PBRs). Join experts from DCAA as they define PBRs, their purpose, and the procedures for establishing these rates. Additionally, the DCAA will discuss when PBRs need to be submitted to DCAA for approval, the type of information that should be included in a PBR package, and the importance of monitoring your business’ expenditures throughout the year. Congratulations! You have your first cost reimbursable award! Now what? The DCAA will define what types of contracts are eligible for interim reimbursement, DCAA’s responsibility, and regulatory oversight your company should be familiar with. The DCAA will dive into the preparation of vouchers, the SF 1034, and the DCAA pre-payment assessment. Learn examples of noncompliances DCAA finds when reviewing interim vouchers and how your small business can avoid them. Additionally, the DCAA will provide an overview on how to navigate the Procurement Integrated Enterprise Environment formerly known as PIEE, the system your business will use to submit interim vouchers.