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Government Contracts Cost and Pricing: The Truth in Negotiations Act, or Whatever the Kids Are Calling It These Days (Part 3)

Government Contracts & Investigations

Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government Contractors. 3] TINA defines cost or pricing data to mean all facts that, as of the relevant date, a prudent buyer or seller would reasonably expect to affect price negotiations significantly. [4]

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Mastering Accounting for Unallowable Costs: A Guide to CAS 405 Compliance

Public Contracting Institute

Introduction to CAS 405 and Unallowable Costs In the complex world of government contracting, understanding and properly accounting for unallowable costs as per Cost Accounting Standard (CAS) 405 is crucial for success. The Impact of CAS 405 on Contract Pricing Understanding CAS 405 is essential for accurate contract pricing.

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Mastering Inflation: Navigating Fixed-Price Economic Price Adjustments in Government Contracts

Capital Edge Consulting

Two Quick Ways to Fail DCAA T imekeeping Requirements The federal government is the biggest purchaser of goods and services, so it's important that you have a good grip on your accounting practices. DCAA’s position, as in other cost accounting practices, is that “if it isn’t documented, it didn’t happen.”

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The Cost Corner: Government Contracts Cost and Pricing – Compensation for Personal Services (Part I)

Government Contracts & Investigations

Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. 31] Thus, implementing and documenting adequate internal controls for determining compensation can significantly reduce audit risk. DCAA, DCAM ¶ 6-413.1.c. NASABCA No.

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Criminal Enforcement Considerations for Gov’t Contractors

Government Contracts Legal Forum

2] Schneider Electric held federally funded energy-savings performance contracts, under which its employees fraudulently charged the government for prohibited design costs disguised as allowable unrelated pricing components. Attorney’s Office for the District of Vermont relating to kickbacks and overcharges.[2]

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How to make better public procurement decisions with business intelligence: Insights from Ukraine

Open Contracting Partnership

There are specific dashboards that analyze prices on the central e-catalog , medical procurement , buyer evaluations , Energy Services Company (ESCO) procurement, or internal auditing practices. Furthermore, the Prozorro system is dynamically evolving, with new indicators emerging and changes in the logic of existing ones.