Subpart 30.2
CAS Program Requirements
FAR Subpart 30.2 mandates that contracts subject to CAS include specific requirements and disclosures to ensure consistent and auditable cost accounting practices.
Overview
FAR Subpart 30.2, "CAS Program Requirements," outlines the foundational requirements for contracts subject to the Cost Accounting Standards (CAS). This subpart establishes when and how CAS applies to federal contracts, including the obligations for both contracting officers and contractors. It covers the necessity for contracts to include CAS clauses, the requirement for contractors to submit Disclosure Statements, and the procedures for ensuring compliance with CAS regulations. The subpart is essential for ensuring that cost accounting practices are consistent, transparent, and auditable across government contracts subject to CAS.
Key Rules
- Contract Requirements (30.201)
- Contracts meeting certain thresholds or criteria must include CAS clauses and comply with CAS regulations.
- Disclosure Requirements (30.202)
- Contractors subject to CAS must submit and maintain accurate Disclosure Statements detailing their cost accounting practices.
Responsibilities
- Contracting Officers: Must determine CAS applicability, include appropriate clauses, and ensure contractor compliance.
- Contractors: Must comply with CAS, submit required Disclosure Statements, and maintain consistent cost accounting practices.
- Agencies: Oversee CAS administration and ensure compliance through audits and reviews.
Practical Implications
- This subpart ensures uniformity and transparency in cost accounting for applicable contracts, reducing the risk of inconsistent or noncompliant practices.
- Contractors must be diligent in understanding when CAS applies and in preparing accurate Disclosure Statements.
- Failure to comply can result in contract issues, penalties, or disallowance of costs.