Description:
This webinar will provide an understanding of cost allowability and reasonableness under FAR Part 31 (Contract Cost Principles And Procedures) and Subpart 31.2 (Contracts with Commercial Organizations). This webinar will include a review of the FAR requirements for cost accounting and cost principle application contained in FAR 31.201-2 and 31.201-3, as well as a review of select contract cost principles from FAR 31.205. Additionally, there will be recent case updates that relate to the covered provisions.
Presenters:
Joseph G. Martinez
Meagan R. Fackler
Cost Reasonableness and Allowability Overview and Updates. Determining allowable costs for contract pricing or reimbursement purposes can be a complicated process for contractors. This webinar will provide an overview of FAR Part 31--Contract Cost Principles and Procedures, specifically focusing on contracts with commercial organizations. Coverage will include a detailed examination of the FAR requirements in FAR 31.201-2 and FAR 31.201-3 for determining cost allowability and reasonableness, as well as a discussion of certain selected cost principles in FAR 31.205. This webinar also will address recent cases impacting the interpretation and application of these cost principles.
Each registration allows for one person to log in. Your team members can join you in a conference room for no additional cost. Additional logins for those located in other offices, working remotely, or otherwise unable to participate with the registrant can be purchased for $200 each.
Second Tuesday of the month
12:00 pm to 1:00 pm (ET)
For information on the full series, click here.
January 12: Principles of Fiscal Law and Government Contracts
February 9: Contract Types and Bid Protests
March 9: Cost Reasonableness and Allowability Overview and Updates
April 13: Cost Estimating and Truthful Cost or Pricing Data Requirements
May 11: Selected Cost Principles Part 1: Compensation, Travel, Legal and related costs
June 8: Selected Cost Principles Part 2: Selling, B&P, IR&D, and related costs
September 14 The Cost Accounting Standards
October 12: Pricing Requests for Equitable Adjustments and Pursuing Claims
November 9: Developments in Cost and Pricing Issues: A Year in Review
CLP 1.0 credit per session; 9.0 credits for entire series.CPE (Finance/Business Law)1.0 credit per session ; 9.0 credits for entire series.CLE 1.0 credit per session (Pending Approval in VA); 9 credits for entire series.
CLE Jurisdiction Approval
CEU0.1 credit per session; .9 credits for entire series.
PDU
This course can be submitted to Project Management Institute (PMI) for PDU. Upon their approval, it may be worth 1 PDU credit per session; 9 PDU credits for entire series.
Tuesday, March 9, 2021 12:00 PM - 1:00 PM
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