May 14, 2019 12:00-1:30 PM EDT
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CPE, CLE Accredited
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.
This live webinar is eligible for both CLE and CPE credit.
NOTE: CPE/CLE credit for attendees are subject to participation and approval by the governing boards.
Attorneys seeking Virginia CLEs:
  • The deadline for taking approved CLEs for 2018 is October 31st 2018 and submission of the credit must be by December 15 according to the MCLE requirements.
  • Please be aware - due to the content and material submissions needed for Virginia, live-online CLEs may not be granted for 2018
About Our Experts
  • William Keating
    Managing Director
    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.
    Bill graduated with a Bachelor of Arts degree and an MBA in Business and Economics from Lehigh University.