by Public Contracting Institute | Sep 26, 2013 | Accounting, The Practical CAS
*This is Part 1 of a 6-part blog. Each part addresses the fundamental requirements and techniques for application related to the standard, and provides specific examples. This Part 1 addresses the overall purpose of the standard, as well as the...
by David Capitano, Instructor/Cost Accounting Consultant | Nov 8, 2012 | The Clause Column
Applicability: This FAR clause specifies the payment terms for Time-and-Materials (T&M) and Labor-Hour (LH) contracts that were not acquired using FAR Part 12 (commercial items). The clause is included in solicitations and contracts when a time-and-materials or...
