Advice Archives

Incurred Costs Submissions, Tis the Season

As we take more sinus meds and smell the pollen, it’s time to start talking about an annual rite of passage for most in the GovCon world. The annual incurred costs submission to DCAA.  While many might think a sinus infection sounds like more fun (and we tend to agree), now is the time to […]

How to Survive a DOL SCA Wage and Hour Audit

Editors Note: This was updated on 12/20/2022 Our Experience with SCA Audits On a late Friday afternoon in May, just before I am about to leave for a three-day holiday weekend, my phone rings at the corporate office in Maryland and it is the voice of a woman who is the last person I wanted […]

Orange

With apologies to the Crossfit disciples, I’ve been seeing orange lately. As anyone who enters their 40’s discovers, the body ain’t what it used to be!  You suddenly give a lot more thought to whether your core is strong enough. Such is life.  This past August, I decided to get off my ass and start […]

Tax Reform – WTH?

One frigid morning this week, I attended a seminar on the latest tax reform law and what it may mean to you as a business owner.  My initial key takeaways: No amount of coffee will help this make sense CPAs and Tax Planning folks are woefully undervalued – we should worship these people if they […]

2019 Resolutions – Get your Freaking Day Back

As we ease into the year, some have already given up on New Year’s Resolutions, some are waning, and some are still diligently plugging away at it.  Congrats to those of you still at it – keep going! There’s one resolution that I think many executives have, but few achieve consistently, and that is to […]

5 Pricing Tips for the New Year

As we enter a new calendar year, we begin the madness of sharpening our budgets and pipelines.  Some of the focus ends up being on managing expenses and headcount, as it should, but often some quick and easy planning can help you to optimize your pricing strategy for the next year. To get you started, […]

The Gift of Expertise

Note: This post was updated 12/13/2022 Ever feel like you have no clue how to solve a problem in your GovConor that there has to be an answer out there, you just don’t know how to find it?  Do you google randomly trying to figure it out, only to not be satisfied with the results?  […]

Budget: Preparing for FY19

As GovCons grind through the rest of the year, it is hard to think about 2019.  We’re a little worn out from proposal season and if you are lucky, new contract awards.  We’ve been recruiting hard in a difficult market, transitioning from incumbents, and getting new starts off the ground.  Depending on which agency you […]

Wrap Rate Government Contracting

Even if you are in a less competitive field or have a unique offering for a customer with a ton of funding, government contractors must monitor and maintain their wrap rates. Companies can sometimes view this exercise as an annual corporate budget where you occasionally look at how you are doing and often look back and ponder, “What […]

Seven Tips for Navigating 4Q18

As we start into the last government fiscal quarter, it is feast or famine time. Some have hit the beaches, getting some much-needed R&R and family time. Some are heads-down in proposal mode, worried about when the next one will hit. Others are in purgatory, the stretch between proposal submission and proposal award, with their fingers crossed thinking […]