Difference between revisions of "FAR 52.230-5 - Cost Accounting Standards - Educational Institution"
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|Prescribedin=30.201-4(e) | |Prescribedin=30.201-4(e) | ||
|TypePurposeContract=Fixed Price Service -A; Cost Reimbursement Research and Development -A; Fixed Price Research and Development -A; Cost Reimbursement Supply -A; Fixed Price Supply -A; Cost Reimbursement Service -A; Fixed Price Construction -A; Cost Reimbursement Construction -A; Time and Materials/Labor Hour -A; Leasing of Motor Vehicles -A; Communication Services -A; Dismantling, Demolition, or Removal of Improvements -A; Architect-Engineering -A; Facilities -A; Indefinite Delivery -A; Transportation -A; Simplified Acquisition Procedures -O; Utility Services -A | |TypePurposeContract=Fixed Price Service -A; Cost Reimbursement Research and Development -A; Fixed Price Research and Development -A; Cost Reimbursement Supply -A; Fixed Price Supply -A; Cost Reimbursement Service -A; Fixed Price Construction -A; Cost Reimbursement Construction -A; Time and Materials/Labor Hour -A; Leasing of Motor Vehicles -A; Communication Services -A; Dismantling, Demolition, or Removal of Improvements -A; Architect-Engineering -A; Facilities -A; Indefinite Delivery -A; Transportation -A; Simplified Acquisition Procedures -O; Utility Services -A | ||
+ | |CCSubject=Category:Cost Accounting Standards (CAS) | ||
|ProvisionClauseDescription=- | |ProvisionClauseDescription=- | ||
|ContractThreshold=>700,000 | |ContractThreshold=>700,000 | ||
− | |FARClauseOverview='''(a)''' Unless the contract is exempt under 48 CFR 9903.201-1 and 9903.201-2, the provisions of 48 CFR 9903 are incorporated herein by reference and the Contractor, in connection with this contract, shall— | + | |FARClauseOverview===Requirements== |
+ | '''(a)''' Unless the contract is exempt under 48 CFR 9903.201-1 and 9903.201-2, the provisions of 48 CFR 9903 are incorporated herein by reference and the Contractor, in connection with this contract, shall— | ||
*(1) (CAS-covered Contracts Only). If a business unit of an educational institution required to submit a Disclosure Statement, disclose in writing the Contractor’s cost accounting practices as required by 48 CFR 9903.202-1 through 9903.202-5, including methods of distinguishing direct costs from indirect costs and the basis used for accumulating and allocating indirect costs. The practices disclosed for this contract shall be the same as the practices currently disclosed and applied on all other contracts and subcontracts being performed by the Contractor and which contain a Cost Accounting Standards (CAS) clause. If the Contractor has notified the Contracting Officer that the Disclosure Statement contains trade secrets, and commercial or financial information which is privileged and confidential, the Disclosure Statement shall be protected and shall not be released outside of the Government. | *(1) (CAS-covered Contracts Only). If a business unit of an educational institution required to submit a Disclosure Statement, disclose in writing the Contractor’s cost accounting practices as required by 48 CFR 9903.202-1 through 9903.202-5, including methods of distinguishing direct costs from indirect costs and the basis used for accumulating and allocating indirect costs. The practices disclosed for this contract shall be the same as the practices currently disclosed and applied on all other contracts and subcontracts being performed by the Contractor and which contain a Cost Accounting Standards (CAS) clause. If the Contractor has notified the Contracting Officer that the Disclosure Statement contains trade secrets, and commercial or financial information which is privileged and confidential, the Disclosure Statement shall be protected and shall not be released outside of the Government. | ||
*(2) Follow consistently the Contractor’s cost accounting practices in accumulating and reporting contract performance cost data concerning this contract. If any change in cost accounting practices is made for the purposes of any contract or subcontract subject to CAS requirements, the change must be applied prospectively to this contract and the Disclosure Statement, if required, must be amended accordingly. If an accounting principle change mandated under Office of Management and Budget (OMB) Circular A-21, Cost Principles for Educational Institutions, requires that a change in the Contractor’s cost accounting practices be made after the date of this contract award, the change must be applied prospectively to this contract and the Disclosure Statement, if required, must be amended accordingly. If the contract price or cost allowance of this contract is affected by such changes, adjustment shall be made in accordance with paragraph (a)(4) or (a)(5) of this clause, as appropriate. | *(2) Follow consistently the Contractor’s cost accounting practices in accumulating and reporting contract performance cost data concerning this contract. If any change in cost accounting practices is made for the purposes of any contract or subcontract subject to CAS requirements, the change must be applied prospectively to this contract and the Disclosure Statement, if required, must be amended accordingly. If an accounting principle change mandated under Office of Management and Budget (OMB) Circular A-21, Cost Principles for Educational Institutions, requires that a change in the Contractor’s cost accounting practices be made after the date of this contract award, the change must be applied prospectively to this contract and the Disclosure Statement, if required, must be amended accordingly. If the contract price or cost allowance of this contract is affected by such changes, adjustment shall be made in accordance with paragraph (a)(4) or (a)(5) of this clause, as appropriate. |
Revision as of 08:02, 3 July 2014
Prescribed in 30.201-4(e) | |
Effective Date: | 1 May 2014 |
Clause or Provision: | Clause |
Provision or Clause Number: | 52.230-5 - Cost Accounting Standards - Educational Institution |
Principle Type And/Or Purpose of Contract: | |
Required: | |
Applicable: | Fixed Price Service; Cost Reimbursement Research and Development; Fixed Price Research and Development; Cost Reimbursement Supply; Fixed Price Supply; Cost Reimbursement Service; Fixed Price Construction; Cost Reimbursement Construction; Time and Materials/Labor Hour; Leasing of Motor Vehicles; Communication Services; Dismantling, Demolition, or Removal of Improvements; Architect-Engineering; Facilities; Indefinite Delivery; Transportation; Utility Services; |
Optional: | Simplified Acquisition Procedures; |
Subject: | Category:Cost Accounting Standards (CAS) |
ProcurementType: | |
Contract Threshold: | >700,000 |
Prescription Overview: | |
Clause Overview: |
Requirements(a) Unless the contract is exempt under 48 CFR 9903.201-1 and 9903.201-2, the provisions of 48 CFR 9903 are incorporated herein by reference and the Contractor, in connection with this contract, shall—
(3) The requirement shall not apply to negotiated subcontracts otherwise exempt from the requirement to include a CAS clause as specified in 48 CFR 9903.201-1. |
Important Notes/Requirements: |
Only applicable to Educational Institutions |
Subcontract Threshold: | >700,000 |
Incorporated by Reference: | Yes |
Uniform Contract Format: | I |
Editor: | Marshall |
Personal notes.