DID YOU KNOW? The General Services Administration’s (GSA) is granted statutory authority — 40 U.S.C. § 501 — to oversee the acquisition and supply of utility services for all Federal agencies.
Hello and thank you for joining us for Episode 14 of Fun with the FAR Season 11! Our next session will cover FAR Part 25 (Foreign Acquisition)! As we prepare for our 15th episode of Season 11, here are a few Episode 15 FAR Facts for us to think about: Under the Buy...
Understanding OTAs: A Game-Changer in Government Contracting Other Transaction Agreements (OTAs) have emerged as a powerful tool in the ever-evolving landscape of government contracting, fostering innovation and streamlining procurement processes for contractors in...
1. Understanding CAS 407: The Foundation of Standard Cost Systems CAS 407 provides guidelines for using standard costs to estimate, accumulate, and report costs of direct material and direct labor. This standard ensures consistency and fairness in cost accounting...