Category Archives: Cost Principles

Selected Costs Series, Part 5 (FAR 31.205-7 & 31.205-8 & FAR 31.205-9)

contingency-plan

Now that we are done with Compensation for Personal Services, we can turn our attention to some more cost principles.  Contingencies and Contributions are both straightforward, so we will touch on them both here. FAR 31.205-7, Contingencies My intro accounting … Continue reading

Posted in Cost Principles | Tagged , , , , | Leave a comment

Selected Costs Series, Part 4-4 (FAR 31.205-6)

payroll

Compensation for Personal Services This section covers A LOT of topics, so it spans multiple posts for easy digestion; this is what’s left to discuss: (n)   Employee rebate and purchase discount plans. (o)   Postretirement benefits other than pensions (PRB). (p)   … Continue reading

Posted in Cost Principles | Tagged , , | Leave a comment

Selected Costs Series, Part 4-3 (FAR 31.205-6)

payroll

Compensation for Personal Services This section covers A LOT of topics, so it spans multiple posts for easy digestion; this is what’s left to discuss: (h)   Backpay. (i)      Compensation based on changes in the prices of corporate securities or corporate … Continue reading

Posted in Cost Principles | Tagged , , | Leave a comment

Selected Costs Series, Part 4-2 (FAR 31.205-6)

payroll

Compensation for Personal Services This section covers A LOT of topics, so it spans multiple posts for easy digestion; this is what’s left to discuss: (d)   Form of Payment (e)   Income Tax Differential Pay (f)     Bonuses and Incentive Compensation (g)    … Continue reading

Posted in Cost Principles | Tagged , , | Leave a comment

Selected Costs Series, Part 4-1 (FAR 31.205-6)

payroll

Compensation for Personal Services After some relatively light discussions around FAR unallowable costs, the FAR turns to Compensation for Personal Services (FAR 31.205-6).  This section goes on, seemingly forever and is the bane of many contractor’s existence. This section covers … Continue reading

Posted in Cost Principles, General | Tagged , , | Leave a comment

Selected Costs Series, Part 3 (FAR 31.205-4 & 31.205-5)

bullying[1]

This section of the series deals with two more “Selected Costs” from FAR 31.205.  The first is Bonding Costs, the second is [Reserved] but used to be Civil Defense Costs. Bonding Costs For as long as I can remember, I … Continue reading

Posted in Cost Principles | Tagged , , , | Leave a comment

Selected Costs Series, Part 2 (FAR 31.205-2 & 31.205-3)

Old-Computer

Last time we talked about Public Relations and Advertising.  Since the next Selected Cost has been “reserved” I will cover two in this post.  Looking at the brevity of the two costs being covered here, I really should go out … Continue reading

Posted in Cost Principles | Tagged , , , | Leave a comment
Page 4 of 512345