The Department of Defense (DoD) issued a new rule in 2012 that requires contractors to have up to 6 adequate business systems in order to comply with government contract requirements.

Join Federal Publications with GovCon industry experts Chad Braley and Anthony Kim of Capital Edge Consulting for an opening webinar to kick off this seven-part series on Contractor Business Systems.  

The team will provide an overview of the six business systems to help you navigate the complexities with coverage of the following topics:  
•  History of the business system rule
•  Applicability of the rule and potential withholds
•  Key elements of business systems
•  Who will conduct the reviews/audits
•  How do we prepare for upcoming reviews/audits
•  Process for deficiency resolution

Not sure if you should attend this webinar? 
The DoD defined “significant” deficiencies as shortcomings in the systems that materially affect the ability to rely on system generated information.  Further, the rule outlines the process for DoD to withhold 5 to 10 percent of billings under certain contracts from contractors with troubled systems.  

“Knowledge is power” was a phrase first used by Sir Francis Bacon.
Through their experience in navigating the government contracting industry, Chad and Anthony will provide you with the knowledge needed to understand the requirements and circumvent deficiencies.  
  
Reference- the clauses listed below relate to the business system rule:
•  DFARS 252.242-7005 Contractor Business Systems
•  DFARS 252.215-7002, Cost Estimating System Requirements 
•  DFARS 252.234-7002, Earned Value Management System 
•  DFARS 252.242- 7004, Material Management and Accounting System 
•  DFARS 252.242- 7006, Accounting System Administration 
•  DFARS 252.244-7001, Contractor Purchasing System Administration 
•  DFARS 252.245- 7003, Contractor Properly Management System Administration