Slide 37: Sample CPAR Narrative Not Sufficient Regulatory Compliance Rating: Satisfactory – The contractor works well on regulatory items and only encountered minimal issues with cost reporting. They always do a great job working with the government. Missing: Detail to Support Rating Supporting Documentation/Metrics Additional Issues Subjective Phrases Slide 38: Sample CPAR Narrative Sufficient Regulatory Compliance Rating: Satisfactory – The contractor has experienced some cost allocation issues in complying with the Cost Accounting Standards as required by contract clause 52.230-2. The contractor is required to provide funds and man-hour expenditure reports for preceding monthly activity by the 10th of each month. The contractor’s accounting system experienced cost allocation issues with senior developer charges while working multiple programs. The government observed an unusually high burn rate for the senior developers and requested a contractor internal audit. Audit findings proved that during a month period, hours were improperly allocated to this contract while the performance was conducted on a different contract. Corrective actions have been successful as senior developers were retrained on proper charging procedures, modifications were done to the accounting system to track cost with an increased level of granularity, and invoices were corrected to reflect actual work time. An audit performed within the last verified that all contract charges are now appropriately allocated as required by the Cost Accounting Standards.
Slide 37: Sample CPAR Narrative Not Sufficient Regulatory Compliance – Rating: Satisfactory The contractor works well on regulatory items and only encountered minimal issues with cost reporting. They always do a great job working with the government. Missing: Detail to Support Rating Supporting Documentation/Metrics Additional Issues Subjective Phrases Slide 38: Sample CPAR Narrative Sufficient Regulatory Compliance – Rating: Satisfactory The contractor has experienced some cost allocation issues in complying with the Cost Accounting Standards as required by contract clause 52.230-2. The contractor is required to provide funds and man-hour expenditure reports for preceding monthly activity by the 10th of each month. The contractor’s accounting system experienced cost allocation issues with senior developer charges while working multiple programs. The government observed an unusually high burn rate for the senior developers and requested a contractor internal audit. Audit findings proved that during a period, hours were improperly allocated to this contract while the performance was conducted on a different contract. Corrective actions have been successful as senior developers were retrained on proper charging procedures, modifications were done to the accounting system to track cost with an increased level of granularity, and invoices were corrected to reflect actual work time. An audit performed within the last month verified that all contract charges are now appropriately allocated as required by the Cost Accounting Standards.
CPARS_QualityNarrativeWriting.docx