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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. We just completed two articles on the Truth in Negotiations Act (TINA) [1] and, before that, two articles on Defense Contract Audit Agency (DCAA) audits.

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

Capital Edge Consulting

Labor is among the largest contract cost recorded to Government contracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.

Price 52
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What Are The Cost Accounting Standards?

Capital Edge Consulting

In government contracting, maintaining a DCAA-approved accounting system is crucial. The Defense Contract Audit Agency (DCAA) enforces strict guidelines to ensure that contractors accounting systems meet the standards required for compliance. Importance of maintaining compliance with DCAA for government contracts.

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What new White House guidance on grants means for agencies that hand them out

Federal News Network

Interview Transcript: Tom Temin Dan, the uniform guidance is a little bit outside of FAR and contracting concerns. So the federal government spends more than $1 trillion a year in grants and other federal financial assistance. But yet, something you felt is important to highlight here. Dan Ramish Yes, Tom.

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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. The current topic is Federal Acquisition Regulation (FAR) Cost Principles applicable to contracts with commercial organizations. 1] This definition is quite broad.

Price 52
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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. Let’s dive into the intricacies of CAS 405 and explore how proper compliance can benefit your organization.

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Retired four-star admiral faces 30 years in prison on bribery charges

Federal News Network

62-year-old Robert Burke, a retired four-star admiral, is facing up to 30 years in prison for an alleged scheme to steer a government contract to a company in exchange for future employment. The PRAC report details resources, reports, and other documents agencies can refer to as they further develop their funding programs.