Federal Strategic Insights
Federal Strategies Group Newsletter
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July, 2008
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From The Editor's Desk
Preparing For Change
Change is coming, are you ready? Election Day 2008,
regardless of the outcome, should have a profound
impact on the government contracting industry. The
spending priorities of the current Administration -
Defense and Homeland Security, are almost certain
to change as it is expected the Democrat Party will
increase their majority in Congress. If this is coupled
with the election of Senator Obama, a shift towards
civilian spending would almost be a certainty.
For those companies that are positioning themselves
for sale, either currently or in the near future, the
changes ahead may impact the decisions of buyers,
and even the value of your company. The first article of
this
newsletter analyzes who are doing the M&A deals in
this marketplace and why they are doing these deals.
Understanding these factors and these anticipated
changes will provide you with the knowledge
necessary to assist with your current and near term
decisions.
Since the Democrats took control of Congress, one of
the issues that have been at their forefront is to ferret
out fraud, waste and abuse in the contracting
process. This is especially evident for the contracts
awarded to support the Iraq/Afghanistan war as well
as the Katrina clean-up effort. As a result, new rules
have been put in place regarding contractor's
compliance plans, ethics and internal controls. The
second article of this edition will discuss these new
rules. More of this type of oversight and investigation
can be expected with the new Congress.
As always, we strive to provide you with information
and knowledge to help guide your federal contracting
business. I hope that you find these articles
useful.
Sincerely,
Michael A. Smigocki, CPA/ABV, CVA
Executive Editor
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Mergers and Acquistions
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M&A Marketplace - Who is Doing What and Why?
The marketplace for mergers and acquisitions in the
government contracting marketplace has remained
robust. Strategic buyers continue to dominate and
valuations for most contractors have remained
strong. However, companies reliant upon small
business set-aside contracts have seen their
marketability and value significantly reduced by the
recertification rules. This article discusses the
motivations of these strategic buyers and possible
changes that could result from the election in order to
apply them to your given situation. For a text of the
entire article, click here. www.fedstrat.com/article.
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Compliance
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Compliance Plans, Ethics and Internal Controls - The New Rules
In November of last year, the FAR was amended to
address compliance plans and business ethics for
government contractors. The new requirements will
impact most contractors as these provisions will be
incorporated into many new contract awards. This
article discusses these new rules. For a text of the
entire article, click here: www.fedstrat.com/article.
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Firm News
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In the News
Federal Stragegies Group, LLC was recently
highlighted in the Washington Business Journal. To
see article, click here:
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Events
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Upcoming Seminars and Courses
Federal Strategies group will be conducting the
following breakfast seminars:
- Hot DCAA Audit Topics - Wash. DC, San Diego,
CA
- Maximizing GSA Schedules - Wash. DC, San
Diego, CA
- Preparing Your Accounting System for Government
Contracting - San Diego, CA
These seminars qualify for 2 hours of CPE.
We will also be teaching our 2-day couse
on "Successful Management of DCAA Audits
and Government Investigations." This in-
depth course is designed to teach the participant how
to successfully prepare for the government audits, to
handle auditors and the audit process, to refute
challeged items and costs, and how to successfully
appeal findings. Finally, the current hot audit areas
will be analyzed in detail.
We will update you with the dates and locations of
these seminars and courses.
Federal Strategies Group is a specialized consulting
Firm providing managment consulting, forensic
accounting and expert testimony to the government
contracting industry. Our mission is to guide our
clients to building business value through the creative,
innovative, and strategic use of our industry
knowledge, experience and expertise.
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For more information about these articles or how
Federal Strategies Group can assist your company,
please call or email
Mike Smigocki at
MikeS@fedstrat.com
Michael A. Smigocki, CPA, CVA, ABV
Sr. Managing Director
Federal Strategies Group, LLC
Phone:
(301) 770-5850
Fax:
(301) 770-5922
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