Category Archives: General
CAM is Guidance, FAR is Rule
As a former DCAA auditor, I am still stunned at the level of trepidation experienced by contractors when the terms “audit”, “DCAA“, or “compliance” are mentioned. The most surprising to me is that one agency can strike such fear into … Continue reading
CCH Weekly Report from Washington
FROM: CCH Weekly Report from Washington As the March 1 deadline approaches, lawmakers are still attempting to find common ground on necessary budget cuts to avoid an across-the-board sequestration. House Speaker John Boehner, R-Ohio, ignored calls to end the House’s … Continue reading
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When is a Cost Not a Cost?
Stop me if you’ve heard this one, but the answer is “When the government says so.” Ba dum bum! A recent Comptroller General decision highlights this punchline. You see, if the government does not feel that you have done a … Continue reading
FAR 31 Series (Part 4, Credits and Accounting for Unallowables)
Although I initially skipped this section, I believe touching on it can provide some insight to the “logic” of the government allowability criteria. Credits The government is entitled to its share of everything (see also Income Taxes). The same can … Continue reading
Posted in Cost Principles, General, Regulations
Tagged accounting, CAS, credits, FAR 31, unallowable
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Pinterest for Government Contracting?
UPDATE: I was searching Pinterest and discovered an article on GSA approving the terms of service for agencies to use the site. See the article here. I was reading a “personal branding” book on my Kindle so I could figure … Continue reading
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FAR 31 Series (Part 3, Direct and Indirect Costs)
As we close in on the specific examples of allowable and unallowable costs in FAR 31.205, I wanted to discuss FAR 31.202 and FAR 31.203 dealing with Direct and Indirect costs. Direct Costs With direct costs, the regulation goes with an … Continue reading
Posted in Cost Principles, General
Tagged allowability, direct costs, FAR 31, indirect costs
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FAR Cost Principles Series (Part 2, Allowability, Reasonableness, and Allocability)
As a former DCAA auditor, it was a primary goal for my position to find and report unallowable costs. Recently, I have been hearing a lot more from the community in terms of making FAR 31.2 easier to understand. This is pat 2 … Continue reading
Posted in Cost Principles, General
Tagged allocability, allowability, costs, FAR 31, GovCon 101, reasonableness, unallowable
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