30.201-7
Cognizant Federal agency responsibilities
FAR 30.201-7 requires contracting professionals to consult 48 CFR 9903.201-7 for detailed cognizant Federal agency responsibilities regarding Cost Accounting Standards administration.
Overview
FAR 30.201-7 directs contracting professionals to 48 CFR 9903.201-7 for the specific responsibilities of the cognizant Federal agency regarding Cost Accounting Standards (CAS) administration. This section serves as a cross-reference, ensuring that agencies and contractors are aware that detailed requirements and procedures for agency responsibilities are found in the referenced CFR section. The purpose is to ensure proper oversight and administration of CAS requirements in applicable contracts.
Key Rules
- Reference to 48 CFR 9903.201-7
- Contracting professionals must consult 48 CFR 9903.201-7 for the full scope of cognizant Federal agency responsibilities related to CAS.
- CAS Administration
- The referenced section outlines how agencies must oversee, enforce, and administer CAS requirements for covered contracts.
Responsibilities
- Contracting Officers: Must ensure they are familiar with and follow the procedures and responsibilities outlined in 48 CFR 9903.201-7 for CAS-covered contracts.
- Contractors: Should be aware that the cognizant Federal agency has specific oversight responsibilities regarding CAS compliance.
- Agencies: Must implement and enforce the requirements as detailed in the referenced CFR section.
Practical Implications
- This section exists to ensure that all parties know where to find the authoritative requirements for agency responsibilities under CAS.
- It impacts daily contracting by requiring contracting officers and agencies to reference and comply with external regulations for CAS administration.
- A common pitfall is overlooking the referenced section, leading to incomplete compliance with CAS oversight obligations.