Tag Archives: cost principles

Selected Costs Series, Part 7 (FAR 31.205-11, Depreciation)

payroll

“They” say life is a bell curve.  One of the best examples I can think of is walking.  You start moving by being carried (by your parents) – crawling on your own – walking with support – walking without support … Continue reading

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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

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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

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FAR Cost Principles Series (Part 1, Total Cost)

HammerTotal 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

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