Courses that Meet Government Contractor Needs www.tdgovernmentsolutions.biz ©Tim Di Guiseppe, 2012 All Rights Reserved 1 • Cost Accounting Standards and Regulations the short version • Cost and Price Analysis in Government Contracting • Accounting, Administrative & Compliance Requirements of Government Contracts • The Requirements for Codes of Business Ethics and Conduct • INTEGRITY and COMPLIANCE at The Company • FAR Part 31 The summary • Government Contracting, Are you ready to make the investment • Truth in Negotiation Act (TINA) • Contract Closeout • Compliant Allocations: Getting Costs To Where They Belong www.tdgovernmentsolutions.biz ©Tim Di Guiseppe, 2012 All Rights Reserved 2 Allocability and Allowability Regulations vs. Standards CAS Coverage Full or Modified CAS Coverage Price Adjustments FAR Part 31 Contract Cost Principles and Procedures ◦ Applicability ◦ Allowability, Allocability, and Reasonableness ◦ Penalties for Claiming Unallowable Costs Truth-In-Negotiations Act (TINA) www.tdgovernmentsolutions.biz ©Tim Di Guiseppe, 2012 All Rights Reserved 3 Regulatory Framework Cost Analysis & Price Analysis – Definitions Price Analysis Quantitative Techniques For Contract Pricing Cost Estimating Methodologies Cost Estimating System Requirements Cost Analysis Profit Facilities Capital Cost Of Money Cost Realism Analysis Far Part 31 Contract Cost Principles And Procedures Far Part 30 Cost Accounting Standards Administration Truth-in-negotiation Act 10 USC 2306a Defective Pricing Government Proposal Reviews www.tdgovernmentsolutions.biz ©Tim Di Guiseppe, 2012 All Rights Reserved 4 Accounting, Administrative & Compliance Requirements of Government Contracts Introduction and Background Important Parts of the FAR, Parts 2, 4, 9 FAR Part 12 through 16 Summary- Government Contracts FAR Part 19 Summary- Small Business Programs FAR Part 42 Summary- Contract Administration and Audit FAR Part 44 Summary- Subcontracting FAR Part 45 Summary- Government Property FAR Part 49 Summary- Contract Terminations Cost Accounting Regulations and Standards Mandatory Disclosure Rule Conflict of Interest Executive Compensation-First-Tier Subcontract Awards Truth-In-Negotiations Act Government audits www.tdgovernmentsolutions.biz ©Tim Di Guiseppe, 2012 All Rights Reserved 5 Do the New Requirements Apply to You? What is Required? What Must Be Disclosed? What Is Credible Evidence? What are the code of Business Ethics and Conduct Requirements? What are the Requirements? www.tdgovernmentsolutions.biz ©Tim Di Guiseppe, 2012 All Rights Reserved 6 Individual's Responsibility Introduction Our Relationship with the Company and Each Other Our Relationship with Our Customers Our Relationship with Our Suppliers Our Relationship with Others Our Integrity and Compliance Program Ethical Decision-Making Model www.tdgovernmentsolutions.biz ©Tim Di Guiseppe, 2012 All Rights Reserved 7 • Contract Cost Principles and Procedures • Applicability • Allowability • Reasonableness • Allocability • Credits and Advance agreements • Direct Cost Indirect Costs • Cost Pool Structure • Allowability of Cost Items www.tdgovernmentsolutions.biz ©Tim Di Guiseppe, 2012 All Rights Reserved 8 • How the Government Does Business and Why • Acquisition Process • FAR Part 12 Commercial Item Contracts • FAR Part 13 Simplified Acquisition Procedures • FAR Part 14 Sealed Bidding • FAR Part 15 Contracts by Negotiation • FAR Part 16 Types of Contracts www.tdgovernmentsolutions.biz ©Tim Di Guiseppe, 2012 All Rights Reserved 9 • The Purpose of TINA • FAR Part 15.4 Contract Pricing • TINA Exemptions • TINA Requirements to submit available cost or pricing data • TINA Certification Requirements • Applying TINA provisions to Subcontractors www.tdgovernmentsolutions.biz ©Tim Di Guiseppe, 2012 All Rights Reserved 10 • What is a Contract Closeout • Contractor’s Role • Closeout Plans • Financial Aspects – Preparing for final payment • Quick Closeouts • Closeout Checklist • 7 Steps for Successful Closeout www.tdgovernmentsolutions.biz ©Tim Di Guiseppe, 2012 All Rights Reserved 11 Compliant Allocations: Getting Costs To Where They Belong – Two Day Course A one day course that covers the following: • Direct/Indirect cost – what are they and how should they be treated. • How to allocate Costs • The Magic Circle – Pectoral example of cost allocation • Contract Cost Principles – Allowability, Allocability, Reasonableness • Profit • Defective Pricing www.tdgovernmentsolutions.biz ©Tim Di Guiseppe, 2012 All Rights Reserved