There have been discussions among Department of Defense (DoD) contractors about their top five most important issues. From these discussions, they have identified four issues that are universally applicable to most, if not all, businesses and a fifth that is mostly unique to dealing with the government. All of which with some unique DoD aspects.
The first four DoD contractor issues are:
#1. Cost Control:
Contractors must manage costs effectively while maintaining the required level of performance and quality. These concerns take on added importance in dealing with the DoD because its contracts often have strict cost and schedule requirements.
#2. Talent Acquisition and Retention:
As is the case across the economy, the DoD contractor community faces significant competition for highly skilled talent, and contractors must work to attract and retain top talent in a challenging environment.
#3. Innovation:
Many customers are concerned about new technology, but the DoD is constantly seeking new technologies and capabilities. Because of this, contractors must stay at the forefront of innovation in order to remain competitive and support the agency’s mission.
#4. Supply Chain Management:
Similar to most companies, contractors contracting with the DoD must manage their own supply chains effectively and securely to support the agency’s mission.
The fifth issue that is of concern to the DoD contractors is Cybersecurity. This is not unique of course to the DoD, but the DoD’s level of concern, attention, and regulatory compliance cause it to almost exist in its own world.
In order to achieve the required regulatory compliance and combat the increasing threat of cyberattacks, DoD contractors must establish cybersecurity as a primary concern. Further than this, they must ensure that their systems and networks are secured to a degree that exceeds merely best commercial security practices. They must additionally comply with a range of regulations and standards, which includes the Federal Acquisition Regulation (FAR), Defense Federal Acquisition Regulation Supplement (DFARS), NIST SPs 800-171 and 800-172, and International Traffic in Arms Regulations (ITAR).
All of these regulations and standards are difficult, if not commercially impractical, for individual companies to meet. That is why a third-party cybersecurity company is often a necessary compliance partner.
Particularly useful in serving this role is RegDOX, with its SaaS-based CUI storage and collaboration service RegDOX Secure Data Room Service (RSDRS). As well as its Compliance Infrastructure as a Service product, RegDOX Compliant Cloud Environment, that provides a secure storage and work environment for CUI and its related editing, analytics, and communications applications; all with unsurpassed compliance with the applicable federal regulations.
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