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What contractors need to know about new DFAR rules on business systems
New changes to the Defense Federal Acquisition Regulation Supplement rules for contractor business systems are now in effect. Under the new rules, the government will withhold five percent of a contractor's payment if any of the company's business systems are found to be "deficient" by the Defense Contract Audit Agency. Brian Waagner, a partner at Husch Backwell, joined In Depth with Francis Rose to discuss the changes and how they affect contractors.
Tags: DoD , DCAA , In Depth , Francis Rose , Brian Waagner , Husch Blackwell
Problems with business systems could cost vendors
DoD proposes new rule to withhold payment on contracts if auditors find deficiencies in accounting, estimating, earned value management and other business systems. Recent hearing found 69 of top 100 Pentagon contractors have at least one flawed system.
Tags: contracting , DoD , DCAA , House Armed Services Committee , Wartime Contracting Commission , Federal Register
