CMMC Update as of October 2020
Effective November 30, 2020, contractors may not be awarded contracts, nor can they award sub-contracts, unless they, and their subcontractors, have performed self-assessments and reported those results to a DoD website. Third party review may be required on certain contracts (new and option years) going forward. Please contact RFS if you need guidance related to remaining eligible to compete for new work starting December 1, 2020.
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Issue 117 - ROSE Insights: A New Tech Alliance is Reshaping Federal Procurement
New federal contract clauses make supply chain compliance material under the False Claims Act, exposing primes to treble damages, penalties, and audit risk.
Most growing organizations don't discover gaps in their financial systems until something forces the issue; an audit, a capital raise, a key person leaving, or a contract they're not equipped to manage. The Financial System Readiness Review exists to surface those gaps before they become expensive. In this video, Ted Rose walks through what the FSRR actually evaluates, why looking at your accounting software alone isn't enough, and how the three-step process produces a roadmap that tells you exactly what to fix, in what order, and why it matters for where your organization is headed.
