Federal Acquisition Regulation: Cost Principles Guide
The FAR (Federal Acquisition Regulation) provides essential guidelines for federal government contracting. Factors to consider when determining whether costs are allowable include: Reasonableness, Allocability, CAS Board Standards, Contract Terms, and newly published limitations, among others.
The FAR Cost Principles guide outlines rationales and procedures related to contract costs spanning 52 subsections from Advertising, Bonding, Depreciation, Employees, Entertainment, Fines, Insurance, Materials, Patents, Rent, Trade, and more.
