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The ACO in coordination with DCAA may determine that an evaluation is not required on a final voucher because the allowable costs were already audited and included on the CACWS. Figure 12. Signing the rate agreement letter also indicates the attachment and that the data on the CACWS will be used to close out contracts see Section 6-802. If agreement with the contractor is not reached DCAA will forward its audit report to the cognizant CO who will.

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CAS applies to contracts, not to contractors or agencies. CAS requirements apply to all negotiated contracts in excess of $2 million, unless an exemption applies. A contract award of $7.5 million or more is generally a “trigger” contract that establishes CAS coverage, unless an exemption below applies.

Unsettled claimed costs are contract costs that have not been audited by DCAA. Audited amounts are logged in DCAA's Cumulative Allowable Cost Worksheet which is a summary schedule of contractor costs for each open flexibly priced contract with the most recent settled indirect cost rates.

These steps are summarized in the Contract Closeout Checklist, which shall be completed by the contracting officer and included in the contract file. The contracting officer shall indicate any items that are not applicable (e.g., patent reports, royalty reports, etc.).

Allowable costs are defined in the FAR as costs that are reasonable and allocable to the contract, per the terms of the contract at issue, Cost Accounting Standards and the FAR. (See FAR 31.201-2). Although this is a broad definition, FAR Section 31 specifically addresses many types of costs a contractor may incur.

(a) The factors to be considered in determining whether a cost is allowable include the following: (1) Reasonableness. (2) Allocability. (3) Standards promulgated by the CAS Board, if applicable; otherwise, generally accepted accounting principles and practices appropriate to the particular circumstances.

DCAA audits are trigged by a contracting officer's or administrative contracting officer's need for audit service to make decisions or regulatory requirements. DCAA does not perform audits requested by a contractor. DCAA only performs audits based on a request or established need from a federal entity.

These allowable costs include salaries, travel expenses, medical expenses, publication fees, and other items deemed necessary to running a business. Far section 31 specifically covers many different types of costs contractors may incur.

As defined by Federal Acquisition Regulation (FAR) 31.001 and Cost Accounting Standards (CAS) 405, expressly unallowable costs are a “particular item or type of cost, which under express provisions of an applicable law, regulation, or contract is specifically named and stated to be unallowable”.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232