How we help government contractors to be more efficient
Latest posts by Jackie Luo (see all)
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In the spirit of celebrating the holidays, we want to share some thoughts on our achievement in 2013 and our plan for 2014.
2013 has been a challenging year for most government contractors: Sequestration, government shutdown, the emergence of “Low Price Technically Acceptable” standard for procurement, and more. But many government contractors continue to grow. They built competitive advantages through innovation and efficiency.
We have been supporting our government contractor customers to be more efficient. Many government contractors have installed eQuip! for Government Property Management, because it improves the operation, reduces the risks, and the cost of data entry.
For example, one customer credited our team with helping his company to implement the Federal Government’s regulations on Government Property Management. Here is what Richard Nick, Manager of Facilities and Property Administration with Arete Associates, said about our VP of Asset Management Solutions Richard Wilson: “His help in directing our company down a very unknown path to ultimate compliance in the tricky business of Government Contractor property management was the smoothest, most efficient process I have been associated with. His key insight and ability to adapt their system to fit our needs was critical in moving us forward with our program.”
“We have been using excel sheets plus accounting tools to manage GFE/CAP. That was inefficient, and also exposed us to some risks. We installed eQuip! to help us tighten up the Government Property Management Systems.” – said another eQuip! user
In 2014, the challenge to become more competitive will continue for most government contractors. One particular new requirement, scheduled to take effect in January of 2014, is already posing more questions than answers.
“Up to and including December 31, 2013, contractors are required to report serially managed Government-furnished property with a unit-acquisition cost of $5,000 or greater to the IUID Registry. Starting in January 1, 2014, the $5000 threshold for Government Furnished Property is removed. All “DoD Serially Managed Items” must be marked and registered in the IUID Registry…” to read more…
In talking to many government contractors, we know some have already taken the steps to mark and registered the items. The effort has unexpectedly cost them a large amount of money because of the hours spent in data entry. Other contractors haven’t even started the steps and they are wondering what it will cost them.
At E-ISG Asset Intelligence, we have modified our asset management solution eQuip! for Government Property Management, to support government contractors to meet the changing requirements for updating the IUID registry. Let us know if you would like for us to show you how we can help you do that.