CGS offers a variety of accounting, government contracting and auditing services. Using our unique blend of skills and experience, our professionals are ready to take on the tough assignments and to deliver tangible and positive results for your company.
CGS was retained by a Top 10 Engineering & Construction (E&C) firm to prepare Incurred Cost Submissions for one of its Segments performing Federal contracts. Based on CGS’ work, the Segment was able to improve its overall cost recovery by over $10M+; successfully submit the incurred cost submissions on time and complete its DCAA audits.
CGS was retained by an Engineering & Construction (E&C) firm with annual revenues in excess of $15B to design and implement a new allocation methodology for its Corporate Office. Ultimately, the new allocation methodology improved cost recovery by over $20M per year on government contracts – all with less administrative burden. The new methodology has successfully undergone numerous government audits.
CGS successfully assisted a Fortune 100 government contractor in pursuing a claim against the US Air Force. Working with outside counsel, we helped to draft the actual claim documents and also to negotiate the settlement with the Air Force and the DCAA. The contractor ultimately received $9M in interest in addition to recouping nearly $425M of withheld funds.
Accounting system approval is fundamental to contract award and ultimately continued compliance in the government market space. We assisted our client in the design and implementation of supplemental policies and procedures to bridge the gaps between current commercial practices and compliant government practices. With our help, our client successfully passed the Pre-Award Accounting System Review which was an important milestone in our client entering the federal market.
CGS partnered with a leading manufacturer of fiber-optic cable assemblies used in the aerospace industry in resolving various contract disputes and other audit related issues with its prime contractor. CGS successfully assisted the client in establishing price reasonableness while responding to a multitude of inquiries from the prime contractor’s audit personnel. This resulted in an increase in the overall contract value of roughly 8% for our client coupled with a significant decrease in overall cost to the Government.
We successfully assisted a large Fortune 100 insurance company in winning their first Federal contract valued at over $3 Billion per year. Due to the magnitude of the contract and complexity of the Request for Proposal (RFP) combined with the Client’s lack of experience working in the Federal government arena, the preparation of the proposal, negotiations and ultimately contract award spanned several years.
CGS successfully led the financial teams on numerous large Federal contract proposals including certain RFP’s with values in excess of $1B for a Fortune 50 Company.
CGS' public accounting, industry experience and government contracting expertise uniquely position us to opine on overhead rates. CGS’ overhead audit clients range in scale of operations from $15M - $15B in annual revenues. Our clients serve a variety of industries including: engineering, construction; water treatment and infrastructure, architecture, forestry management, etc.
CGS successfully helped a subsidiary of a Fortune 50 Company compliantly and profitably perform work in Iraq after the second Gulf war. We audited roughly two years of invoices totaling over $300M. Relying on our work, our client was able to confidently bill the government and collect every penny that they billed.