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Two Bites Allowed If In Different Spots On The Apple

Client Alert | less than 1 min read | 01.06.10

In the latest decision in SUFI Network Servs., Inc. (Dec. 14, 2009), the ASBCA ruled that a motion for reconsideration of its earlier decision on reconsideration was in order, to the extent it challenged new rulings and computations in the reconsideration decision. Applying that rationale, the board found further error in some of its enhanced damages findings on reconsideration and granted additional relief to the contractor, while rejecting other claims as repetitious.

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Client Alert | 1 min read | 07.08.26

CAS Board Publishes Final Rule Rescinding CAS 404, 408, 409, and 4117

As part of its ongoing effort to conform the Cost Accounting Standards (“CAS”) to generally accepted accounting principles (“GAAP”), the CAS Board published a final rule rescinding CAS 408 (Accounting for costs of compensated personal absence) and CAS 411 (Accounting for acquisition costs of material).  The CAS Board also rescinded CAS 404 (Capitalization of tangible assets) and CAS 409 (Depreciation of tangible capital assets) but retained certain requirements of CAS 404 and 409, which will be located in new paragraphs of CAS 405 (Accounting for unallowable costs).  Specifically, the CAS Board retained the requirements currently located at CAS 404-50(d)(1), CAS 409-50(e)(5), CAS 409-50(j)(1), and CAS 409-50(j)(4), which the CAS Board explained are necessary to protect the Government’s interests.  Otherwise, the CAS Board determined that the requirements of CAS 404, 408, 409, and 411 overlapped with GAAP such that GAAP “may be applied reasonably as a substitute for CAS to support contract cost and pricing.”...

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