Feb 2 – Session 2 – The Principles

FAR Part 31 also includes actual rules concerning cost – covering all sorts of narrow situations, and describing how those specific costs should be handled.  In this second session, Jennifer will go over the largest offenders in the Cost Principles.  She’ll describe how these rules impact contractors, why they’re so important, and what a contractor can do to avoid these hazards.

Topics Include:

• Selected Costs and FAR 31.205
• Common Cost Hazards
• Cost Best Practices
• Contracts with Special Rules
• Exceptions