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
Posted in General
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DoD Inviting Experts for Some Time Away from the Office
The DoD will be hosting a meeting on March 20, 2013 to discuss the National Defense Authorization Act of 2013 (NDAA), Section 804. Section 804 of the NDAA deals with profit guidelines in the DFARS. The meeting is regarding potential … Continue reading
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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CCH Update from Washington DC – Feb 4, 2013
A recent snippet from a “sister blog” within Wolters Kluwer – the CCH Weekly Report from Washington, DC Congress The Senate on January 31 approved the No Budget, No Pay Act of 2013 (HR 325), a bill that will raise … Continue reading
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FAR Cost Principles Series (Part 1, Total Cost)
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. So, … Continue reading
Posted in Cost Principles, General
Tagged compliance, cost principles, DCAA, FAR 31, GovCon 101, total cost
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