Tag Archives: FAR 31

Selected Cost Series, Part 10 (FAR 31.205-15 Fines, Penalties, etc.)

Copies of these books were actually for sale on ebay.

Have you ever had one of those moments when you think you did something and then realize you didn’t?  That would be me looking at the history of posts today.  I really thought I had posted this piece of the … Continue reading

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

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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

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

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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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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

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Selected Cost Series #1 (FAR 31.205-1)

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Public Relations and Advertising Costs The first cost “selected” tends to be one to give heartburn to contractors and auditors alike.  I can remember sitting in Technical Indoctrination at the DCAA Contract Audit Institute in Memphis, TN back in 2000 … Continue reading

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FAR 31 Series (Part 4, Credits and Accounting for Unallowables)

rebate

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

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FAR 31 Series (Part 3, Direct and Indirect Costs)

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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

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