FAR & Government Contract Compliance Service

Ensure government contractors comply with FAR and contract requirements

Startup Cost
$10,000-$45,000
Difficulty
Advanced
Time to Profit
8-15 months
Profit Potential
$12,000-$67,000/month

Overview

Compliance consultants charge $125-$300 hourly or $5,000-$30,000 monthly retainers.

Serving 12-35 contractors generates $150,000-$800,000 annually with 70-85% margins.

In 2025, government contract compliance is mandatory and complex.

Revenue from compliance program development ($20,000-$80,000), ongoing compliance monitoring ($5,000-$30,000 monthly), FAR compliance audits ($15,000-$60,000), accounting system adequacy reviews ($12,000-$50,000), subcontract management compliance, and DCAA audit preparation ($10,000-$75,000).

Services include FAR and DFARS compliance consulting, accounting system setup and compliance, timekeeping and job costing systems, government property management, subcontract flowdown compliance, and DCAA and DCMA audit support.

Successful consultants understand FAR Part 31 cost accounting, navigate complex government contract requirements, implement compliant systems, prepare contractors for audits, and prevent compliance issues.

Government contractors and subcontractors as clients.

Marketing through procurement consultants, contractor associations, DCAA audit support, government contracting networks, and compliance expertise.

Required Skills

  • FAR & DFARS Compliance
  • Government Contract Accounting
  • Cost Accounting Standards (CAS)
  • DCAA Audit Processes
  • Timekeeping Systems
  • Government Property

Pros and Cons

Pros

  • High retainer and project fees
  • Every government contractor needs compliance
  • Complex regulations create high demand
  • Recurring compliance monitoring revenue
  • DCAA audits create urgent needs

Cons

  • Need deep FAR and government accounting expertise
  • Constantly changing regulations
  • High liability for compliance errors
  • DCAA audit preparation stressful
  • Competition from large compliance firms

How to Get Started

  1. Build government contract compliance expertise
  2. Study FAR, DFARS, and cost accounting standards
  3. Understand DCAA audit requirements and processes
  4. Market to government contractors and primes
  5. Assess contractor compliance and systems
  6. Implement compliant accounting and tracking
  7. Prepare contractors for DCAA audits

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