Cost Allowability

Overview

Join highly experienced faculty for this practical and informative 1.5-day course focusing on cost allowability, allocability, and reasonableness under the Federal Acquisition Regulation.

Some featured topics of discussion:

Penalties for unallowable costs are on the rise. Learn when penalties are appropriate and when they must be waived.
Learn about “Gray area” costs that have proven to be a frequent source of dispute between contractors and government auditors.
How does the statute of limitations affect the government’s ability to disallow costs?
To what extent must contractors retain records beyond the FAR records retention requirements in order to support an untimely government audit?

Learning Objectives:

After completing this course, you will be able to:

Apply FAR Part 31 cost principles
Evaluate cost reasonableness
Research cost allowability
Identify unallowable costs
Recognize and avoid penalties
Keeping accurate records
Define and calculate claims accrual

Dates/Locations

No upcoming dates/locations at this time

Agenda

Day 1
8:00 AM - 3:00 PM	La Jolla CA, Hilton Head SC Cost Principles Overview and General Cost Principles for Contracts with Commercial Organizations, Penalties for Unallowable Costs, Record-Keeping Requirements and the Statute of Limitations FAR 31.205-1, Public Relations and Advertising Costs FAR 31.205-3, Bad Debts FAR 31.205-4, Bonding Costs FAR 31.205-6, Compensation Costs FAR 31.205-7, Contingencies FAR 31.205-12, Economic Planning Costs FAR 31.205-13, Employee Morale, Health, Welfare, Food Service, and Dormitory Costs and Credits FAR 31.205-14, Entertainment Costs FAR 31.205-15, Fines, Penalties, and Mischarging Costs FAR 31.205-17, Idle Facilities and Idle Capacity Costs FAR 31.205-18, Independent Research and Development and Bid and Proposal Costs FAR 31.205-, Deferred Research and Development Costs FAR 31.205-25, Manufacturing and Production Engineering Costs FAR 31.205-20, Interest and Other Financial Costs FAR 31.205-21, Labor Relations Costs FAR 31.205-22, Lobbying and Political Activity Costs FAR 31.205-23, Losses on Other Contracts FAR 31.205-24, Maintenance and Repair Costs FAR 31.205-26, Material Costs FAR 31.205-27, Organization Costs FAR 31.205-28, Other Business Expenses FAR 31.205-29, Plant Protection Costs FAR 31.205-30, Patent Costs FAR 31.205-32, Precontract Costs
8:00 AM - 3:00 PM	Las Vegas, NV and Tampa, FL
9:00 AM - 4:00 PM	All Other Locations

Day 2
8:00 AM - 11:00 AM	La Jolla CA, Hilton Head SC FAR 31.205-34, Recruitment Costs FAR 31.205-35, Relocation Costs FAR 31.205-33, Professional and Consultant Service Costs FAR 31.205-47, Costs Related to Legal and Other Proceedings FAR 31.205-36, Rental Costs FAR 31.205-37, Royalties and Other Costs for Use of Patents FAR 31.205-38, Selling Costs FAR 31.205-39, Service and Warranty Costs FAR 31.205-30, Special Tooling and Special Test Equipment FAR 31.205-31, Taxes FAR 31.205-42, Termination Costs FAR 31.205-43, Trade, Business, Technical, and Professional Activity Costs FAR 31.205-33, Training and Education Costs FAR 31.205-46, Travel Costs FAR 31.205-49, Goodwill FAR 31.205-51, Costs of Alcoholic Beverages
8:00 AM - 11:00 AM	Las Vegas, NV and Tampa, FL
9:00 AM - 12:00 PM	All Other Locations

Experts

Kathryn T. Muldoon Griffin

Partner, Haynes Boone

Kathryn (Katie) Griffin represents contractors across a range of industries on federal, state, and private projects involving construction, government contracts, and white collar issues. She has experience in representing construction, engineering, and technology firms in resolving contract claims a...

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Daniel Ramish

Partner, Haynes Boone

Dan Ramish’s practice encompasses all aspects of government contracts, grants, and construction law, with particular focus on claims and disputes, cost accounting, intellectual property, cybersecurity, supply chain, and small business issues. Mr. Ramish is a frequent writer and speaker on gove...

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Laura Semple

Assistant General Counsel for Amentum

Laura A. Semple serves as Assistant General Counsel for Amentum, where she provides advice on Government contracting, employment, and corporate law issues. Ms. Semple previously worked as an associate at Smith Pachter McWhorter, PLC, where she counseled Government contractors on cost and pricing iss...

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Kristin Torcasi

Vice President of Gov't Compliance, CACI International

Kristin Torcasi is the Vice President of Government Compliance for CACI International Inc headquartered in Arlington, VA. Kristin is responsible for ensuring compliance with Government contract requirements and serves as the company’s liaison for Government inquires and audits. Kristin has a w...

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Accreditation

See Individual Courses For Available Credits

Certificates of Completion are provided to all seminar participants who attend Federal Publications Seminars courses following the event, upon request.

CPE: Continuing Professional Education

Field of Study: Specialized Knowledge

Delivery Method: Group-Live Classroom

Federal Publications Seminars is affiliated with Cerifi LegalEdge and is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

For more information regarding administrative policies such as refunds, cancellations and complaints, please contact Federal Publications Seminars at 888.494.3696.

CPE Hours

This program is eligible for: 9.5 (CPE) hours of credit

Program Level: n/a

Program Prerequisite: n/a

Advance Preparation: n/a

Method: n/a

CLP: Continuous Learning Points

Approved for CLP by Defense Acquisition University

Defense Acquisition Workforce members must acquire 80 Continuous Learning Points (CLP) every two years from the date of entry into the acquisition workforce for as long as the member remains in an acquisition position per DoD Instruction 5000.66. We will provide you with documentation of points awarded for completing the event.

CLP Hours

This program is eligible for: 8.0 (CLP) hours of credit

CLE: Continuing Legal Education

States have widely varying regulations regarding MCLE credit. LegalEdcenter is an approved provider in AL, AK, AR, CA, GA, IL, ME, MO, MS, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, PA, RI, SC, TN, TX, UT, VA, VI, VT, WA, WI, and WV. Credit may be applied for in other jurisdictions on request and in accordance with state MCLE rules.

Please note that because some states are changing their policy on CLE reporting, you will need to fill out the request for credit from Federal Publications Seminars within 10 business days, or we may not be able to issue credits for the program.

CLE Hours

This program is eligible for: 8.25 (60 minutes), (50 minutes)

Travel

No travel information is available at this time

In-House

Bring Federal Publications Seminars to your location! If you would like to offer this course in-house, please contact us.

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CMBOK Alignments

Leadership

Character

Collaboration

Competence

Emotional Intelligence

Vision

Management

Business Management

Change Management

Financial Management

Project Management

Risk Management

Supply Chain Management

Guiding Principles

Communication and Documentation

Contract Principles

Regulatory Compliance

Situational Assessment

Skills and Roles

Standards of Conduct

Team Dynamics

Pre-Award

Plan Sales

Plan Solicitation

Prepare Offer

Request Offers

Award

Manage Disagreements

Plan Negotiations

Price or Cost Analysis

Select Source

Post-Award

Administer Contract

Close Out Contract

Ensure Quality

Manage Changes

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Level

100

Basic or fundamental subject matter is covered. Courses are geared to general knowledge or can be taken as a refresher.
200

Specific topics or issues within a topic area are covered. Students should be familiar with terms of art and general concepts concerning the course topic.
300

Workshops and class discussions cover specific subject matter in-depth, and participation is strongly encouraged. Attendees should have at least 2-3 years' experience in the area of study.
400

Courses build upon students' knowledge and experience, and cover complex issues within the subject matter. Should have 4-5 years' mastery of subject for in-depth analysis.
500

Masters-level programs designed for professionals with 5+ years' experience. Courses cover in-depth and technical analysis on specific subjects and updates on current issues.