This guide explains how government contractors engaged in project-based manufacturing can protect profitability while meeting strict compliance requirements. It focuses on tracking direct and indirect costs at the project level, including labor, materials, subcontracting, and overhead allocation. The guide outlines how different contract types—such as cost-plus, firm fixed price, and WIP—affect inventory accounting and financial reporting. It also introduces lean manufacturing principles to eliminate waste, improve efficiency, and reduce downtime through automation and process standardization. A significant portion addresses compliance with Material Management and Accounting System (MMAS) standards, detailing audit readiness, documentation, and risk mitigation. The guide concludes by empha

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