When should government contractors that work with the Department of Defense (DoD) be concerned about Cost Estimating System Requirements for compliance and adequacy per the Defense Federal Acquisition Regulation Supplement (DFARS). What are the requirements and trends being seen in solicitations?
In this third episode of Cherry Bekaert’s podcast series on each of the six Contractor Business Systems, Eric Poppe, a Director in Cherry Bekaert’s Government Contracting Industry practice, and Brendan Halloran, a Director in the Firm’s GovCon practice who previously was a Divisional Administrative Contracting Officer (DACO) at the Defense Contract Management Agency (DCMA), discuss the requirements for an adequate estimating system as outlined in Cost Estimating System Requirements, 252.215-7002.
Listen in to find out about:
- What constitutes an adequate Estimating System
- When it is a requirement
- Policies, processes, and documentation to demonstrate compliance
- Best practices and pitfalls to avoid
- How to prepare for getting an approved Estimating System
If you have any questions specific to your situation, Cherry Bekaert’s GovCon Consultants are available to discuss your situation with you.
Cherry Bekaert’s Government Contracting Industry advisors are well versed in business systems requirements and complex control environments. We guide contractors in developing and maintaining compliant business systems, perform systems assessments, provide audit support, and prepare contractors for audits or reviews by the Defense Contract Audit Agency (DCAA), the Defense Contract Management Agency (DCMA) or other cognizant agencies.
If you haven’t already, catch up on other parts of the series:
- Contractor Business Systems Series: Part 1 – Applicability
- Contractor Business Systems Series: Part 2 – Accounting System
- Contractor Business Systems Series: Part 4 – Purchasing System
- Contractor Business Systems Series: Part 5 – Earned Value Management System
- Contractor Business Systems Series: Part 6 – Property Management System
- Contractor Business Systems Series: Part 7 – Material Management and Accounting System
- Contractor Business Systems Series: Part 8 – Navigating Business Systems Audits and Reviews
- Contractor Business Systems Series: Part 9 – Navigating Review and Audit Findings
