30.201-2
Types of CAS coverage
FAR 30.201-2 requires contracting professionals to consult 48 CFR 9903.201-2 to determine the applicable type of CAS coverage for each contract.
Overview
FAR 30.201-2 refers contracting professionals to 48 CFR 9903.201-2 for detailed information on the types of Cost Accounting Standards (CAS) coverage. This section serves as a cross-reference, indicating that the specifics regarding full, modified, and exempt CAS coverage are governed by the CAS Board regulations, not detailed directly in the FAR. Contractors and contracting officers must consult the referenced CAS Board regulation to determine which type of CAS coverage applies to a particular contract or subcontract, based on factors such as contract value, type, and exemptions.
Key Rules
- Reference to CAS Board Regulations
- The section directs users to 48 CFR 9903.201-2 for authoritative guidance on CAS coverage types.
- Determination of CAS Coverage
- The actual determination of whether a contract is subject to full, modified, or exempt CAS coverage is made per the referenced regulation.
Responsibilities
- Contracting Officers: Must ensure the correct type of CAS coverage is identified and applied by referencing 48 CFR 9903.201-2.
- Contractors: Must understand which CAS coverage applies to their contracts and comply accordingly.
- Agencies: Should provide guidance and oversight to ensure proper application of CAS coverage rules.
Practical Implications
- This section exists to ensure that contracting professionals use the most current and authoritative source for CAS coverage types.
- It impacts daily contracting by requiring reference to external regulations for compliance.
- A common pitfall is failing to consult the CAS Board regulations, leading to misapplication of CAS requirements.