FAR Part 31 - Cost Principles
FAR Part 31 establishes the cost principles for determining allowable costs on government contracts. It defines the criteria for cost allowability, allocability, and reasonableness, and lists specific cost elements with their treatment.
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What are the criteria for cost allowability under FAR 31?
What costs are expressly unallowable under FAR 31.205?
How does the reasonableness standard apply to executive compensation?
What are directly associated costs and why do they matter?
When should I seek an advance agreement with the contracting officer?
What are the penalties for claiming unallowable costs?
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