Contractors are able to recover both direct and indirect costs. While simple in theory, pitfalls abound for contractors. This series will discuss the what costs the Government may and may not pay during a contract, how they must be accounted for, and how the contractor must treat certain types of cost-creating items. During this 6-part program, our expert, Jennifer Flickinger, will dive into the Cost Principles, cost allocation and indirect rates – what are they, what do they say, when do they apply, and more!
First Thursday of the Month, 12:00-1:30pm (ET)
6 Monthly Sessions, from January to June
Jan 5 – Session 1 – Cost Principle Introduction and Application
During this program, we will explore what they cost principles are, when they apply, how they apply and what penalties exist for non-compliance. We will also take a few moments to discuss the CAS, and its relationship with the Cost Principles.
- History of CAS & FAR
- Layout and Structure of Part 31
- What are the Cost Principles?
- When do they apply?
- Why are they important to me?
- What happens when I ignore them?
- What is the CAS, and why are we bringing it up during a Cost Principles training?