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Cost Accounting Standards (popularly known as CAS) are a set of 19 standards and rules promulgated by the United States Government for use in determining costs on negotiated procurements. CAS differs from the Federal Acquisition Regulation (FAR) in that FAR applies to substantially all contractors, whereas CAS applied primarily to the larger ones.
Unallowable costs are those the government prohibits incurring for federal assistance. Certain cost items are considered universally unallowable, such as cost related to illegal activities and lobbying costs, but others may be considered unallowable for a type of recipient while being allowable for another type of recipient.
For instance, the FAR rule on legislative lobbying costs is found at FAR Part 31, Section 205, Subsection 22 (cited as "FAR 31.205-22"). The table of contents, as of the edition published October 1, 2012, is available.
Certified cost or pricing data may not be obtained for acquisitions at or below the simplified acquisition threshold. [3] Other exceptions are stated in FAR 15.403-1(b) or may be adopted under a waiver requested by the contracting officer in exceptional circumstances. If certified cost or pricing data has been requested by the Government and ...
Federal Acquisition Regulation (FAR) General Services Administration, Department of Defense, National Aeronautics and Space Administration, Office of Federal Procurement Policy: 2: 52-99 3: 2: 200-299: Defense Acquisition Regulations System (DARS), Defense Federal Acquisition Regulation Supplement (DFARS) Department of Defense: 4: 3: 300-399
Actual Cost: constitutes the reasonable costs that the contractor can prove have been incurred. Target Fee : the basic fee to be paid if the Target Cost matches the Actual Cost (target profit). The Target Fee varies between the Minimum Fee and the Maximum Fee according to a formula tied to the Actual Cost (e.g. Target Fee could be 10% of the ...
Military budget of China, USSR, Russia and US in constant 2021 US$ billions Military spending as a percent of federal government revenue. The military budget of the United States is the largest portion of the discretionary federal budget allocated to the Department of Defense (DoD), or more broadly, the portion of the budget that goes to any military-related expenditures.
In UK and NZ Health and safety law, it is equivalent to so far as is reasonably practicable (SFAIRP). In the US, ALARA is used in the regulation of radiation risks. For a risk to be ALARP, it must be possible to demonstrate that the cost involved in reducing the risk further would be grossly disproportionate to the benefit gained. [3]