1. Home
  2. |Insights
  3. |CAS Offsets Permitted Among Different Contract Types

CAS Offsets Permitted Among Different Contract Types

Client Alert | less than 1 min read | 04.14.06

In an important case of first impression, the Court of Federal Claims in Lockheed Martin Corp. v. United States (Mar. 29, 2006) has held that the cost impact of a Cost Accounting Standard (CAS) noncompliance is the net of all increased costs and all decreased costs that result from the noncompliance on all CAS-covered contracts. The Court rejected the government's argument that decreased costs paid on fixed-price contracts could not be offset against increased costs paid on cost-reimbursement contracts, finding that it "is -- in a word -- wrong."

Insights

Client Alert | 1 min read | 10.03.25

CPSC Commissioner Nominated

After months of anticipation, the Senate has received a nomination for a Commissioner of the U.S. Consumer Product Safety Commission (CPSC). ...