When pricing US Government contracts based on cost, a contractor must identify and segregate unallowable costs, regardless of the contract type. When billing flexibly-priced contracts, unallowable costs must be excluded from all claimed cost – both direct and indirect costs. FAR Part 31, Contract cost principles and procedures proscribe the requirements for cost allowability. In this course, you will gain an understanding of FAR Part 31 applicability, record keeping requirements; and, key points associated with the each of the contract cost principles.

• Accounting & Financial Executives, Managers and Professionals
• Pricing/Estimating Professionals
• Program Managers and Project/Program Controllers
• Contract and Subcontract Administrators
• Auditors
• Lawyers

Some Things to Know About Our Virtual Classes

Important: Technology Requirements

You must have the following:

  • Mic and speakers OR a headset.  For the best audio experience, a headset is preferable.

In addition, for the most successful experience we strongly recommend:

  • Avoid using wireless internet network connections.  Wireless connections are inherently unstable and vulnerable to many factors outside the scope of our control.
  • Close down all major applications during virtual training
  • Recommended minimum bandwidth is 3 Mpbs.
  • You may download and install the Adobe Connect Add-in from below for a better classroom experience: For Windows  users: http://www.adobe.com/go/adobeconnect_9_addin_win For Mac users: http://www.adobe.com/go/adobeconnect_9_addin_mac 


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