Whitepaper: The Audit World's Biggest Myths
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No matter what industry you’re in, chances are we have extensive experience working within it. Our Government contract compliance experts have expertise that enables us to provide the exact services and level of expertise you need to succeed. We’ve worked with government contractors ranging in size from startup to Fortune 100 companies in industries such as manufacturing, energy, professional services, biotech/pharmaceuticals, defense, education, and software. These companies work with a vast array of federal agencies as well.
There are many challenges a contractor faces when moving from the commercial marketplace to the government market—such as space contractors that launch and manage satellites for communication and global positioning. We have helped many companies make this transition successfully. For example, demonstrating commercial pricing becomes difficult if the product or service the contractor is offering is close to—but not the same—product or service offered to the commercial marketplace. In these instances, we have been able to help the contractor use “of a type” logic to substantiate the price offered to the government.
Organizations in this sector do everything from manufacturing sophisticated weapon systems to performing background investigations. We work with these companies to develop and validate the systems and processes they need to ensure they can deliver the products and services the nation needs on time and within budget. At the same time, we ensure the companies comply with applicable rules, regulations and standards.
We have a great deal of experience in assisting contractors in the energy field. The types of work these contractors perform include site cleanup and decontamination, construction of hazardous material warehouses, research and development of new technologies, transportation and disposal of hazardous waste and other energy related projects. Energy contractors often have complex contracts that include features that require diligence in execution, such as incentive provisions that may be structured to encourage early completion or reduction in cost. We can help ensure that the contractor has the tools necessary to manage the contract in a way that ensures the incentivized tasks are the tasks that the company focuses on.
Increases in health care spending and life science research funding are accompanied by increases in government oversight. This additional oversight—combined with expanded rules, regulations and standards—is causing these industries to become sensitive to the need to comply with applicable regulations to avoid penalties and fines. At Capital Edge, we’ve worked with health care providers, pharmaceutical and biotech companies serving the military and research markets through programs such as Tricare, with those serving the Centers for Medicare and Medicaid Services, and Bioshield, thru the Biomedical Advanced Research and Development Authority and the Defense Threat Reduction Agency. We understand the specialized requirements of these agencies—and know how to position contractors to help them execute their contracts successfully.
Information Technology (IT) service providers face unique contracting requirements. For example, an IT contractor’s people may be assigned to work at a customer’s location where the customer provides support. This provides challenges in determining the cost to provide those staff members to the customer. IT contractors may also encounter contracts that incorporate requirements of the Service Contract Act, which introduces unique cost accounting challenges. At Capital Edge, we help IT companies establish the infrastructure they need to aggressively pursue contracts incorporating the Service Contract Act, where the contractor’s staff is performing part or all of the work at a site other than the contractor’s location.
Federal grants and contracts are key funding sources for universities and their faculty to further their research projects and activities. Along with this funding comes restrictions and regulations that define requirements for cost incurred such as: allocation and allocability, level of effort obligations, compensation limits, and cost-sharing. Proper grant and contract management is often overlooked or poorly managed which has resulted in adverse audit findings and federal fraud investigations. At Capital Edge, we have a team of experts that have helped universities successfully navigate these compliance requirements and avoid post-award issues.
The manufacturing sector faces unique challenges when it comes to government contracting, from stringent compliance requirements to intricate supply chain logistics. At Capital Edge Consulting, our expertise spans across various manufacturing industries, helping companies navigate these complexities with precision. We assist manufacturers in optimizing their processes, ensuring regulatory compliance, and enhancing operational efficiency. Whether your company is involved in producing high-tech equipment, consumer goods, or industrial machinery, we provide tailored solutions to meet your specific needs.
Capital Edge government contract consultants support Government Contractors and Federal Grant Recipients. Our consultants specialize in the regulatory compliance matters you need.
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