Government Contracts Legal Forum

Category Archives: Cost Accounting

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Join Us For a Cost and Accounting Roundtable

Posted in Cost Accounting
On April 2nd, Cathy Kunz joins Paul Calabrese of Rubino & Company for an important roundtable for government contractors. During this ½ day presentation sponsored by Bank of America and Merrill Lynch, participants will get both the legal and accounting perspective. From the legal side, Cathy will review recent cost-related court decisions and legal changes, … Continue Reading

Applicable Statute of Limitations for CAS Violations Comes into Focus

Posted in Claims, Cost Accounting
The Contract Disputes Act, 41 U.S.C. §§ 7101-7109, sets forth certain prerequisites for the exercise of jurisdiction over claims. Among these prerequisites is a six-year statute of limitations, which is applicable to Government and contractor claims alike. With few exceptions, claims submitted more than six years after “accrual” are not valid and cognizable under the … Continue Reading

Interim Business Systems Rule Issued

Posted in Cost Accounting
On May 18, 2011, the DoD released an interim Business Systems rule with request for comments.  76 Fed. Reg. 28856.  Comments are due July 18, 2011.  The current version of the rule reflects comments received on the prior two proposed Business Systems rules (published January 15, 2010 and December 3, 2010), requirements in the National … Continue Reading

Expanded Definition of Allowable IR&D Costs

Posted in Cost Accounting
The Federal Circuit in its March 19, 2010 decision in ATK Thiokol, Inc. v. United States (.PDF), expanded the definition of allowable Independent Research and Development (IR&D) costs. Now, research and development costs are allowable as IR&D costs unless specifically required by the contract. In ATK, the Federal Circuit addressed the “required in the performance … Continue Reading