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Defense contractors to face new cost accounting oversight with creation of Defense Cost Accounting Standards Board

September 11, 2018 By Andrew Smith

Section 820 of the National Defense Authorization Act for Fiscal Year 2017 (NDAA) establishes a new Defense Cost Accounting Standards Board (D-CASB) to oversee the application of the cost accounting standards (CAS) to defense contracts.

The amendments made by Section 820 shall take effect on October 1, 2018.

Originally issued between 1970 and 1980 by the Cost Accounting Standards Board (CASB), the CAS are a series of accounting standards “designed to achieve uniformity and consistency” in the measurement of costs, the assignment of costs to cost accounting periods, and the allocation of costs to government contracts. 48 C.F.R. § 9901.302(b).

When first proposing what is now Section 820 of the NDAA, the Senate Armed Services Committee expressed its concern that the current CAS “favor incumbent defense contractors and limit competition by serving as a barrier to participation by non-traditional, small business, and commercial contractors.”

The Committee also viewed the CASB with disapproval, noting how the CASB does not currently have a quorum and has not met in over three years. Thus, the Committee doubted that “any credible reform will emanate out of [the CASB] in the future,” and opted to favor instead a new D-CASB that “will be better suited to meet national security needs.”

Keep reading this article at: https://www.governmentcontractslawblog.com/2017/04/articles/department-of-defense/cost-accounting-standards-board/

Filed Under: Contracting News Tagged With: CAS, CASB, cost accounting standards, cost and price analysis, cost principles, D-CASB, DoD, NDAA

Tech to offer professional coursework on government contracting in October

September 16, 2014 By ei2admin

Interested in deepening your understanding of the federal government’s contracting rules?

Want to develop your professional skills in winning and managing government contracts?

If your answer to these questions is yes, you’ll want to consider attending two important courses being offered by Georgia Tech’s Contracting Education Academy next month.

The first course is CON 260B, Small Business Programs.  It provides an in-depth review of the federal government’s efforts to improve small business participation in prime contracting and subcontracting.  This 3-day course focuses particular attention on the Small Business Managers’ role as a vital member of the acquisition team.   As a part of this course, business people:

  • Discover business growth opportunities for your company in the government sector.
  • Learn how to better develop a bid proposal that will put you ahead of the competition.
  • Gain insight on ways to get your small business subcontracting plan approved.
  • Network with and learn alongside government contracting officials to gain a better understanding of the process, roles, and responsibilities of government contracting.
  • Understand how your company fits in as an important member of the government’s overall acquisition team.

The second course is CON 170, Fundamentals of Cost and Price Analysis.  This course begins with an in-depth review of the market research process, and provides instruction to help students understand and analyze contractor pricing strategies. This is a 10-day course where students learn how to:

  • Demonstrate ability to execute fundamental quantitative pricing skills.
  • Successfully distinguish various seller pricing strategies given an acquisition situation.
  • Describe the Truth in Negotiations Act, including its purpose in mitigating government cost risk.
  • Identify the policies and procedures for applying the Cost Accounting Standards Board (CASB) rules and regulations to negotiated contracts and subcontracts.
  • Identify contract cost principles and procedures.

CON 260B, Small Business Programs is offered Oct. 14-16, 2014.  Learn more about this course at: http://www.pe.gatech.edu/courses/con-260b-small-business-programs.

CON 170, Fundamentals of Cost and Price Analysis is offered October 20 – 31, 2014.  Learn more about this course at: http://www.pe.gatech.edu/courses/con-170-fundamentals-cost-and-price-analysis.

Filed Under: Georgia Tech News Tagged With: CASB, CON 170, CON 260B, Contracting Academy, cost and price analysis, Georgia Tech, small business

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