Sajeev Malaveetil, CPA

Summary of December 2013 impacting allowability of contractor compensation costs.

On November 13, 2012, the Under Secretary of Defense for Acquisition, Technology, and Logistics (USD(AT&L)) issued a long-awaited memorandum, “Better Buying Power 2.0: Continuing the Pursuit for Greater Efficiency and Productivity in Defense Spending” (BBP 2.0). The memorandum provides a glimpse into the next phase of the Department of Defense’s (Department) Better Buying Power initiative.

In 2010, the then USD(AT&L), Dr. Ashton Carter, spearheaded the original Better Buying Power… Show more

On November 13, 2012, the Under Secretary of Defense for Acquisition, Technology, and Logistics (USD(AT&L)) issued a long-awaited memorandum, “Better Buying Power 2.0: Continuing the Pursuit for Greater Efficiency and Productivity in Defense Spending” (BBP 2.0). The memorandum provides a glimpse into the next phase of the Department of Defense’s (Department) Better Buying Power initiative.

In 2010, the then USD(AT&L), Dr. Ashton Carter, spearheaded the original Better Buying Power initiative (BBP 1.0), which intended to obtain greater efficiency and productivity in defense spending. The BBP 2.0 memo, issued by current USD(AT&L) Frank Kendall, provides a preliminary look at the second incarnation of BBP 1.0.

BBP 2.0 includes 36 initiatives, organized into seven focus areas, compared to the original BBP guidance, which encompassed 23 principal actions over five major areas and included the overall mandate “to do more without more.” To the extent that there are new substantive focus areas introduced in BBP 2.0, industry should expect to see even more changes with the continuing goals of reducing costs, increasing efficiency, and promoting competition.
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An overview of DOL guidance regarding the WARN Act in light of possible sequestration.

An overview of the Department of Defense initiatives mandated by the National Defense Authorization Act of 2012 to establish Government negotiation objectives for direct and indirect labor for select FY 2012 and FY 2013 contracts to 2010 levels.

The importance of the general control environment, which in addition to being a critical criterion in an approved accounting system, can impact other U.S. federal government audits. Contact Sajeev Malaveetil for a copy of the article.

An overview of DCAA's increased focus on lobbying costs.

An overview of the transformative changes made to how DCAA performs its audits.

GSA Schedule Contracts and associated risks.