Due diligence and compliance reviews are critical aspects of bidding on federal proposals and managing them following award. Contractors must be aware of the specific requirements and regulations applicable to a specific opportunity and contract, and they differ depending on the phase of the acquisition process.
A proposal may be rejected for failure to undertake proper due diligence, resulting in a waste of time and money. Failure to comply with contract requirements may result in an agency’s decision to terminate a contract.
One of PHA’s areas of expertise is understanding how to ensure compliance with both proposal and contract requirements. PHA consultants have conducted comprehensive due diligence and compliance reviews that significantly increase our clients’ win rate and successful performance over the life of the contract.
One of the main objectives of due diligence is to ensure that our client is eligible for, or otherwise qualified to bid on a specific opportunity. The rules and regulations, especially for small businesses, are complex and consistently change. Once eligibility is confirmed, another objective of due diligence is to understand the competitive field before making a bid/no-bid decision. Using multiple federal databases, PHA can quickly determine eligibility on behalf of a client and assess the competitive field to inform the bid-no-bid decision. Once a decision is made to submit a proposal, PHA will help ensure that your proposal complies with requirements applicable to the proposal. Proposal compliance review helps ensure that all instructions are followed; that evaluation criteria have been adequately addressed; that all required documentation is included; and that the price is competitive. ensure all necessary documentation is included prior to submission. PHA’s consultants work alongside our client, to produce a complete response through a systematic, orderly and cost-effective process.
Contract Management and Compliance
Following award, contractors must pay careful attention to a myriad of administrative and performance requirements. Most contracts may have literally hundreds of requirements that are either of a high-priority or low-priority nature. Understanding the difference between those is critical, as it helps clients focus their efforts strategically. With years of experience, PHA is able to recognize the difference between those immediately, and help prioritize workflow to ensure successful compliance with key performance and timeliness measures.
Performance Work Statements (PWS)
The PHA consultants are able to dissect the performance objectives outlined within the contract, and provide guidance to government contractors on how to decipher the expectations set forth. This provides contractors a better understanding of attaining the main objectives and results within the contract, establishing and utilizing measurable outcomes.
Contractor Performance Assessment Reports (CPAR)
Through Contractor Performance Assessment Reports, government contractors are able to make continuous improvements over the lifetime of the contract by receiving an overall assessment of their performance during a specified period of time, backed by objective facts and measurable data sets. The experts at PHA utilize the information presented within CPARs to provide guidance and suggestions on how to improve their performance on the contract.
Connect With The Due Diligence and Compliance Experts Today!
It helps to have trusted and experienced government contract consultants on your side, especially if you are dealing with compliance reviews or due diligence audits. We help our clients with the identification, proposal preparation, proposal negotiation, and contract support. Contact us today by phone at (703) 851-1780 or message us online to discuss your needs.