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In CohnReznick’s recent Government Contracting Lunch & Learn Webinar (Opens a new window), we met a fictional client, Lucas.
Lucas is a CEO, and his organization has expanded their portfolio and won new work with the federal government. Winning this new work has brought up some questions/concerns regarding how Lucas could appropriately expand his organization from a predominantly commercial organization to one that will support both commercial and government business. Lucas is interested in understanding options for structuring his organization to support the different sets of customers and compliance requirements his organization is now responsible for.
Access the full presentation (Opens a new window) to view the different options our speakers outlined for Lucas.
Key tools in the toolbox
During the webinar, our government contracting professionals provided key consideration “tools” for organizations to determine the right organizational structure. They included:
- Different operating models to address both government and commercial customers, with pros and cons of each.
- Technological considerations such as:
- Requirements around data security
- Enterprise Resource Planning (ERP) implementation considerations (with a focus on accounting and timekeeping requirements)
- Insights on bringing in the right workforce with the knowledge, skills, abilities, and experience needed to address the compliance requirements around government contracting. Workforce options were provided for how best to strategically assign those resources within the enterprise.
- A high-level review of different government contracting compliance requirements and implications they may create on supply chain and government accounting requirements.
Access the on-demand webinar now (Opens a new window) to learn how to identify an appropriate operating model for your organization.
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This has been prepared for information purposes and general guidance only and does not constitute legal or professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is made as to the accuracy or completeness of the information contained in this publication, and CohnReznick, its partners, employees and agents accept no liability, and disclaim all responsibility, for the consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.