Cost, Pricing And Business Systems
For almost half a century, McKenna Long & Aldridge (“MLA”) has provided comprehensive coverage of every aspect of government contract cost and pricing issues, including compliance counseling, audits, internal investigations of cost mischarging, and financially-based civil and criminal fraud matters. MLA has authored the definitive Government Contracts Business Systems Compliance Guide for assessing the adequacy of contractor business systems for accounting and billing, purchasing, estimating, material management and accounting, government property, and earned value. We bring extensive and in depth experience to every element of contract pricing, costing, business systems, and payment; whether the issue arises under a contract, grant, cooperative agreement or “other transaction.” We have litigated these types of cases before the Boards of Contract Appeals, the Court of Federal Claims, the Court of Appeals for the Federal Circuit and, in the fraud arena, before federal district courts and courts of appeal across the U.S.
Services Include:
- Assisting clients in responding to, and resolving issues raised in, audit reports issued by the Defense Contract Audit Agency (DCAA) or other government auditors including issues regarding access to records, internal audit reports and board of directors minutes;
- Assessment and defense of challenges to the adequacy of contractor business systems in accordance with DoD requirements;
- Defending False Claims Act cases, including those initiated by whistleblowers (qui tam);
- Conducting internal investigations of cost mischarging and preparing appropriate disclosures;
- Counseling regarding all requirements of the Cost Accounting Standards (“CAS”); Preparing CAS Disclosure Statements;
- Counseling regarding all requirements of the “Cost Principles” in FAR Part 31 and OMB Circulars;
- Counseling regarding all requirements of the Truth in Negotiations Act (“TINA”);
- Developing pricing methodologies, negotiating and litigating equitable adjustment requests or claims;
- Assisting client preparation of incurred cost submissions and defense of related government cost disallowance claims;
- Effectively integrating generally accepted accounting principles (“GAAP”) with government contract accounting requirements, to support accounting positions under government contracts and accounting for financial reporting purposes; and
- Effectively counseling and litigating complex, cutting edge issues relating to pension costs, independent research and development costs, merger and acquisition costs, deferred compensation costs, environmental clean-up costs, time and material contract pricing, and overhead and corporate expense allocations.
Events
Advisories
- March 1, 2013
- January 17, 2013
- December 6, 2012