Agenda
March 4, 2025
FAR Part 31 Contract Cost Principles: A FAR-Out Review
- Presentation
- Prairie Rose Room 103/104
- 09:30 AM
Hear an overview of Federal Acquisition Regulations (FAR) with a focus on allowable vs. unallowable costs, indirect cost rates, and the distinction between direct and indirect costs. Presenters will discuss categorizations of costs according to FAR guidelines, noting the implications of different cost classifications on government contracts, and explore specific areas of cost that frequently raise compliance issues. You will also learn methodologies for calculating indirect cost rates and the importance of maintaining accurate cost records for audit and reporting purposes.
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