Profit on Government Contracts

Profit on Government Contracts

Many contractors come into government contracting thinking profit can be bid at normal commercial profit levels.  While this may be the case depending on level of competition and your overall price relative to other competitors, in non-competitive scenarios, the...
Incurred Cost Audit Procedures – Part 2

Incurred Cost Audit Procedures – Part 2

FAR Cost Principles Guide – a chronology of revisions to FAR Part 31 used to determine the cost principles in effect at time of contract award that may be necessary for audits of historical costs (e.g. Incurred cost audits or Claims audits)....