This is session 10 of 12 in the FPS CAS series. This webinar will cover CAS 416 and 417 which includes the subjects of: accounting for insurance costs (416), and cost of money as an element of the cost of capital assets under construction (417). After completing this webinar, you will be able to: Understand: a. Government requirements around insurance costs. b. How Facilities Capital Cost of Money (FCCM) is applied for capital assets under construction. Learn: a. How to calculate project losses, and administrative expenses. How to allocate the cost of insurance to the appropriate accounting period(s). b. How to calculate FCCM for both tangible and intangible capital being constructed, fabricated, or developed for a contractor's own use.

Our last session is on Subchapter H, Clauses and Forms. Clauses have been discussed in the eight previous sessions as they relate to the specific subject matter of that session. The final session is an overview of Part 52, the matrix, and alternate determinations. As a series end point, Part 53, the forms, and the problems that surround their appropriate use will be addressed. All parts of the FAR are not equal. But the FAR is the major document for the billion dollar plus yearly executive agency spend for supplies, services, and construction. The FAR answers many of the questions and sets out to meet the goal of uniform policies for executive agencies acquisitions paid for with appropriated funds. The FAR language seeks uniformity, fairness, trustworthiness, truth in negotiations and awards, availability to bid, and focuses on a system that protects the spend and encourages the best end-product available. These nine sessions have provided the overview of topics that are frequently taught in multi day classes, available in the classroom, and available virtually. What we spent half an hour on may well be available in a two-day class that is able to get "deep into the weeds" of compliance, implementation, enforcement of rules and regulations. Learning Objectives (After this webinar you will have learned) - How Flowdowns implement control. - How The matrix sets the stage. - How Documentation requires forms. - How Maintenance of documentation is mandatory. - How FAR manages spend and performance.

When a federal agency, commission, administration has a need for the procurement of supplies, services, construction; the FAR requirements are addressed in Subchapter B, Competition and Acquisition Planning. The FAR sets down the steps to be taken; publicizing the planned contractual action; reviewing competition requirements; developing the plan of action; reviewing sources of supplies and services; reviewing contractor qualifications; conducting market research; accurately describing agency needs; and determining the ability and methodology of buying from the commercial marketplace. The parts of Subchapter B introduce responsibilities and requirements that are standard, unique, or special. In all sessions Part 52 provisions and clauses related to the specific parts of the session, chapters 5-12 for this session are examined. Learning Objectives: (After this webinar you will have learned) - How spending tax money requires a public process. - How public process has timelines. - How regulatory statutes form the base.