Contract Award – Naval Postgraduate School

Contract Award – Naval Postgraduate School

WTI was awarded a contract by the Naval Postgraduate School (NPS) to support the Analysis Capability Working Group (ACWG) with Financial Business Processes Research Support. Our personnel are using the results of sample data to assist with the evaluation of the Doctrine, Operational, Training, Material, Leadership, Personnel, and Facility (DOTMLPF) requirements to identify the methodology and framework needed to establish a Program of Record (POR) and related Program Objective Memorandum (POM) requirements.

For more than a century, the Naval Postgraduate School has provided advanced education to U. S. naval officers. The NPS mission is to provide pertinent, unparalleled education and research programs to heighten the combat effectiveness of commissioned officers of the Naval Service to enhance the security of the United States.

DCAA Preaward Survey Success

DCAA Compliance – DCAA Preaward Survey

In August 2014, DCAA conducted a preaward survey of our accounting system.  We are proud to announce that DCAA approved our accounting system design and operation and confirmed it provides the necessary information for contracts in accordance with Federal Acquisition Regulation (FAR), Cost Accounting Standards (CAS) and Generally Accepted Accounting Principles (GAAP).

Defense Contract Audit Agency (DCAA) performs all necessary contract audits for the Department of Defense (DoD) and provides accounting and financial advisory services regarding contracts and subcontracts to all DoD components responsible for procurement and contract administration. The DCAA preaward survey of accounting systems assesses whether the requirements for an adequate accounting system have been met and is an important step for contractors with cost reimbursement contracts or for contractors that are receiving progress payments based on cost.