Segregating unallowables from allowables is no easy task. In part I of our two-part blog series, we touched on the definition of allowable and unallowable costs. Now, we are back to give you more food for thought in the unallowable category.
The Federal Acquisition Regulation (FAR) codifies policies and procedures and is the principal set of rules regarding government procurement. FAR 31 sets regulations around the contract cost principles and procedures.