The Federal Acquisition Regulations and the Cost Accounting Standards require consistency in estimating, accumulating and reporting costs. In other words, the way you price your contracts must be consistent with the way you account for and report them. There are two things you can do to help ensure compliance.
The U.S. General Services Administration (GSA) has released the first ever iBook version of the Federal Acquisition Regulation (FAR). While the FAR may never be [...]