Subpart 30.1
General
FAR Subpart 30.1 establishes the foundational requirements and authority for applying Cost Accounting Standards to certain federal contracts, guiding both contractors and contracting officers on CAS compliance.
Overview
FAR Subpart 30.1 – General provides the foundational framework for the application and administration of Cost Accounting Standards (CAS) in federal contracting. This subpart introduces the basic concepts and references the governing authority of the Cost Accounting Standards Board (CASB). It sets the stage for understanding which contracts and contractors are subject to CAS requirements and points to the detailed rules and publications that guide compliance. The subpart serves as an entry point for contractors and contracting officers to determine the applicability of CAS and the relevant procedures for administration.
Key Rules
- Cost Accounting Standards (CAS) Applicability
- Establishes that certain contracts are subject to CAS, as promulgated by the CASB, and outlines the general requirement for compliance.
- CASB Publications
- References the official publications and rules issued by the CASB, which provide the detailed standards and interpretations contractors must follow.
Responsibilities
- Contracting Officers: Must determine CAS applicability for each contract and ensure proper clauses are included.
- Contractors: Must understand whether their contracts are subject to CAS and comply with all applicable standards and disclosure requirements.
- Agencies: Oversee CAS administration and ensure both contracting officers and contractors adhere to the standards.
Practical Implications
- This subpart exists to clarify the scope and authority of CAS in federal contracting, ensuring consistency and transparency in cost accounting practices.
- It impacts daily contracting by requiring both parties to assess CAS applicability at the outset of each procurement.
- Common pitfalls include misidentifying CAS applicability or failing to follow the latest CASB publications, leading to compliance issues or contract disputes.