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Feb 16, 2018 12-1 PM EST
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This is Session 12 of the Foundations of the FAR webinar series. 

This session of the Foundations of the FAR program will cover Parts 31 and 32 of the Federal Acquisition Regulation. Presenter William Keating will discuss how cost principles and procedures are defined in the pricing of contracts, subcontracts and modifications. Also discussed will be the financing and payment matters of contracts, including areas such as non-commercial item purchase financing, claims, performance-based payments, and electronic funds transfer.



Part 31 Scope:
This part contains cost principles and procedures for:
(a) The pricing of contracts, subcontracts, and modifications to contracts and subcontracts whenever cost analysis is performed (see 15.404-1(c)); and
(b) The determination, negotiation, or allowance of costs when required by a contract clause.

Part 32 Scope:
This part prescribes policies and procedures for contract financing and other payment matters. This part addresses:
(a) Payment methods, including partial payments and progress payments based on percentage or stage of completion;
(b) Loan guarantees, advance payments, and progress payments based on costs;
(c) Administration of debts to the government arising out of contracts;
(d) Contract funding, including the use of contract clauses limiting costs or funds;
(e) Assignment of claims to aid in private financing;
(f) Selected payment clauses;
(g) Financing of purchases of commercial items;
(h) Performance-based payments; and
(i) Electronic funds transfer payments.


Earn CPE/CLE Credits if You Attend the Live Session
CPE/CLE credits for attendees are subject to participation and approval by the governing boards.
About Our Presenter ...
William Keating, CPA
Managing Director, Capital Edge Consulting


Bill William J. Keating has over 35 years of consulting experience, and is a government contracts expert with a strong background in accounting, business systems and compliance advisory for aerospace and defense clients, and other government contractors.

Bill’s areas of expertise include Federal Acquisition Regulation (FAR), Federal Agency FAR Supplements, Office of Management and Budget (OMB) Super Circular, Cost Accounting Standards (CAS), and Federal Supply Schedules. He has advised organizations on government audits, business systems compliance, claims preparation, contract disputes and investigations.

Earlier in his career, Bill was the Managing Partner of the Government Contractor Advisory Services practice at KPMG. He also served as a senior executive of Government Contracts practices at other international accounting firms including PricewaterhouseCoopers (PwC). He has worked in industry at a major defense systems integrator. Bill began his career in the Federal government in the Defense Contract Audit Agency and the Inspector General's Office of the General Services Administration. 

Education:

Bill graduated with a Bachelor of Arts degree and an MBA in Business and Economics from Lehigh University.