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Pricing and Cost Accounting: A Handbook for Government Contractors, 2nd Edition (Hardcover)

by Darrell Oyer (Author) "The federal government uses three primary methods for soliciting and awarding contracts: commercial items, sealed bids, and negotiations..." (more)
Key Phrases: firm target cost, firm target profit, initial target cost, Negotiations Act, United States, Amount Ref (more...)
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Product Description
THE essential reference to help federal contractors negotiate and maintain Profitable contracts – now in its second edition! Government contracting rules and regulations have changed significantly over the past few years. This new second addresses these important changes including: Thresholds for certification of cost and pricing data Revisions in Cost Accounting Standards coverage Commercial item contracting New profit guidelines in several major agencies Revised cost principles Redirected audit initiatives You’ll find fast, easy-to-understand answers to important questions, like: What are the differences between firm-fixes price, fixed-price incentive, fixed-price award fee and all other types of fixed-priced contracts? How do letter contracts differ from basic agreements? What is the difference between full and modified CAS coverage? How is the markup evaluated according to current FAR guidelines? What are the basic requirements, penalties, and defective pricing actions stipulated by the Truth in Negotiations Act? How does the government undertake various audits, such as price proposals, incurred costs, and post-award reviews? And much more…

About the Author
Darrell J. Oyer, CPA, is president of Darrell J. Oyer Co., a consulting firm that provides accounting services to government contractors and federal government employees. He is highly experienced in developing and reviewing contractor estimating systems, cost accounting structures, and cost control systems to ensure compliance with federal procurement requirements. My Oyer was previously a partner in the Deloitte & Touche government contracts advisory practice and formerly worked for the Defense Contract Audit Agency and the U.S. Air Force Auditor General’s office.

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Inside This Book (learn more)
First Sentence:
The federal government uses three primary methods for soliciting and awarding contracts: commercial items, sealed bids, and negotiations. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
firm target cost, firm target profit, initial target cost, final cost objectives, projected average loss, cost accounting period, indirect cost pools, precontract costs, adequate price competition, allowability rules, incurred cost audit, unallowable costs, defective pricing, bursement contracts, overhead cost pool, initial target price, significant subfactors, price reasonableness, residual expenses, facilities capital cost, tracting officer, labor audit, unfunded actuarial liability, total allowable costs, pricing data
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Negotiations Act, United States, Amount Ref, Person Year, Negotiated Actual Cost, Negotiated Ceiling Price, Negotiated Government Share, Working Group, Negotiated Ceiling Target, Negotiated Floor Target, Negotiated Initial Target Price, Negotiated Later Price, Profit Formula Adjustment, Source Initial Target Cost, Estimate Travel, Negotiated Maximum Fee, Negotiated Minimum Fee, Public Law, Source Estimated Cost, Total Allowable Fee, Total Calculated Fee, World War, Court of Claims, Estimate Maintenance, Estimate Outside Services
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