Helpful Links
www.charlestondca.org
SCS Upcoming Events Lunch and Learn Series
"Decoding FAR part 31... What Are 'Unallowable' Costs?"
September 18, 2012 in Charleston, SC For more information and to register for the event, *EDUCATIONAL SEMINARS* SCS will be hosting TWO educational GovCon Seminars this Fall 2012 Annual SCS Government Contracting Seminar Oak Ridge DoubleTree Hotel October 10, 2012 For more information and to register for the event,
2012 SCS North Carolina Government Contracting Seminar Wake Tech Community College, Raleigh, NC October 25, 2012 For more information and to register for the event, CLICK HERE Visit our website often for updates on these and other events. www.scsconsults.com
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Greetings!
We're now in the last month of the government fiscal year and speculation about government spending has never been more uncertain. Over the last couple of months, we've attended several conferences and networking events. The topic on everyone's mind is what will happen to the government spending with so much talk about Sequestration and the Continuing Resolution.
For those that have not heard much about sequestration, the bottom line is in January 2013, budget cuts totaling 8 percent of spending across federal departments are set to go into effect due to an agreement made between Congress and the White House last summer in the debate over raising the debt ceiling.
While we don't know what impact this will have in our market-space, we do know that it is getting more competitive and margins are shrinking. So how do we survive in these tough times? We are working with several of our clients to find ways to controls costs and helping develop new pricing strategies. Many of our clients are also diversifying the agencies in which they operate. This does not necessarily mean deviating from their core capabilities, but finding similar type work across various funding streams to help alleviate the impacts of potential funding cuts. Some companies are also looking to diversify into the commercial space. Regardless of the outcome of sequestration, federal contractors must prepare for budget cuts-whether those cuts are forced by sequestration or by the reduced spending necessary to avoid it. A focus on communication, process, visibility into the business and the ability to adapt will be critical.
More information about sequestration can be found in the following section of our newsletter. I hope you find them useful.
Regards,
Laura Davis,
President
Strategic Consulting Solutions
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* Sequestration Updates *
New Analysis Estimates Agency-by-Agency Sequestration Cuts
Amber Corrin, Camille Tuutti
Federal Computer Week
Some federal agencies fare better under the budget cuts than others. Your business interests likely lie with one, possibly more of the affected agencies. This article identifies some of the major agencies subject to sequestration along with their anticipated dollar values and also provide links to other resources. Read the entire article HERE
The Budget Control Act of 2011 (Debt Ceiling Deal) Frequently Asked Questions
OMB Watch.org
Other concerned busiiness owners, not unlike yourself, have questions about sequestration. The following document is a complilation of the most frequently asked questions and their comprehensive answers. Hopefully you will find the answer to some of your questions HERE
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4 keys to better capture analytics
and 7 Ways to Measure the Quality of Your Pursuit Decisions
Commentary By Bob Lohfeld
in Washington Technology
Capture analytics is the science of measuring how well you have performed each of the activities in your capture management process and then correlating these measurements with the outcomes of your bids.
Understanding this correlation can help you make better decisions about what deals to pursue, how likely you are to win, and improve the accuracy of your revenue predictions. Read the entire article HERE |
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Laura Davis due to present at the 2012 Advanced Government Contracting Training Series
September 26, 2012
8:30 a.m. to 5:00 p.m. at The Foundry in Knoxville, TN
The full day session will cover the fundamentals of government contracts including types of contracts and costs, incurred cost submissions, and the FAR. Indirect rate calculations will be explained and discussed. Proposal pricing, establishing overhead rates, and the bidding process will be reviewed. Attendees will also learn about preparing for a DCAA audit, and specific types of DCAA audits and issues.
Registration to attend the training session can be found HERE
Additional Speaking Engagements for Laura
Defense Contract Audit Agency (DCAA) Workshop - Sponsored by the local chapter of the National Contracts Management Association
Laura Davis, President of Strategic Consulting Solutions, Inc. will facilitate a workshop on DCAA audits Wednesday, October 3rd from 10:30-11:30 a.m. in the Double Tree in Oak Ridge.
Email Faye Orick at (sfayeorick@yahoo.com) to RSVP for the workshop. A certificate for 1 CEU will be presented to participants. There is no charge for the workshop if you register for the luncheon immediately following the event.
Strategic Consulting Solutions again named in the INC Magazine 5000 list of fastest growing privately held companies
In mid August, SCS received word that it had again made the INC Magazine 5000 list. This year, the company moved up in the rankings to the number 1,530 position overall and occupies the number 87 slot in the Financial Services category. We are so proud of this accomplishment and would like to thank all of our customers for their continued support, and also our dedicated staff who work so diligently to satisfy our customer's needs. You are directly responsible for our success and we are truly grateful! Please read the full press release HERE
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White House plans to regulate contractor computer security
by Aliya Sternstein
How secure is your network? It may not be secure enough in the eyes of the federal government. New regulations are being considered for contractors who transmit government information. NASA, the Department of Defense and GSA are among those agencies involved in the increased security effort. (Read More) |
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Need a hand? How to build and promote an internship program for your business
By J.D. Harrison
Every other week, On Small Business reaches out to a panel of young entrepreneurs for answers to some of the most pressing social media and technology questions facing small business owners. The following responses are provided by members of the Young Entrepreneur Council (YEC), a nonprofit organization comprised of entrepreneurs. (Read More)
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Additional Reading on Government Contracting Issues
We all know how government contracting and the agencies involved are constantly changing. Here are a few more resources to help you stay in tune.
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Share Your Thoughts
...and win an Amazon Kindle reader! Let us help you with some of your biggest challenges by telling us what topics you want to learn more about. A random drawing from all entries will be held on September 30, 2012 and the winner will receive a new Kindle!
Thanks for your participation and GOOD LUCK!
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About Strategic Consulting Solutions
Strategic Consulting Solutions is the leading provider of compliant solutions to government contractors. SCS specializes in Deltek software sales and implementation, complete accounting outsourcing, contract compliance support, contract administration and general accounting support. Whether you are new to contracting, or a seasoned contractor managing multiple, complex projects, we can help you to understand government cost accounting requirements, implement systems and processes to achieve compliance, assist you through DCAA audits, and help you accurately manage and streamline your business processes. Our team consists of professionals with extensive finance and government contracting experience. We understand the complexities of government contracting and strive to help our clients find the appropriate solutions to all of their contracting issues. |
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We focus on compliance
so you can focus on your business |
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