Cherry Bekaert: Government Contractors Guidance

The new Cybersecurity Maturity Model Certification (“CMMC”) that will be required for ALL DoD contractors is quickly approaching!

This new certification will require all Department of Defense (“DoD”) contractors, both contractors and suppliers, to meet a certain level of cybersecurity controls from the CMMC framework in order to respond to any DoD RFP. The full Version 1.0 is scheduled to go live in January and CMMC requirements will start showing up in RFIs as early as next May and then in RFPs next Fall.

DoD issued the first publicly released version of the framework for comment in September 2019. Draft, Version 0.6, was publicly released in November and it is anticipated that version 0.7 will be released this month as well as formation of the CMMC Accreditation Body.

Neal Beggan, Principal in Cherry Bekaert’s Cybersecurity Services Practice, joins Eric Poppe in the Firm’s Government Contracting Services Practice, for a discussion on what the CMMC requirement is, who it applies to and what companies can do now to prepare.

We have already started helping clients get ahead of CMMC and are scheduled to host a webinar on the topic on January 8th. Click here to learn more about the webinar and/or to register. Please contact Neal Beggan nbeggan@cbh.com with any questions.

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Are you thinking about an Employee Stock Ownership Plan (ESOP) or wondering how they work? Susan Moser, Partner, and John Carpenter, Principal, in Cherry Bekaert’s Government Contractor Services Group discuss ESOPs, including the top 5 reasons an ESOP makes sense, the challenges in becoming an ESOP and common myths and questions asked from government contractors considering an ESOP.

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Join Cherry Bekaert’s Government Contractor Services Group for part two of our new podcast series discussing various aspects of the Small Business Administration’s (SBA) 8(a) Business Development Program, created to help small disadvantaged businesses wanting to do business with the Federal government gain a foothold in Federal government contracting.

In this second episode, Susan Moser, Partner and Leader of Cherry Bekaert’s Government Contracting practice and John Ure, Tax Partner and member of the Firm’s GovCon practice discuss:

• What you will need to prepare for the 8(a) application process
• The five-part application – eligibility, ownership requirements, controls, potential for success and character, an overview and guidance on each section of the application, the requirements and what information and documents will need to be provided
• SBA approval – top 10 reasons why companies do not get approved

If you haven’t already, catch up on part one of the series where we discuss the overall SBA 8(a) program, eligibility for getting into the program, what is needed and what is required:

Part I: The SBA 8(a) Business Development Program – What Is It and What Are the Requirements?

In future segments, we will discuss what happens when you get certified, winning sole source and competitive contracts and the All Small Mentor Protégé Program.

Our Government Contractor Services group has an in-depth understanding of the 8(a) program and advises a number of 8(a) government contractors through each step of the process to add value and anticipate ongoing opportunities. From the initial important decisions made in becoming an 8(a), to the first contract, to how the company is growing throughout the life of the program.

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