Prospective Government contractors often panic when they hear the term “CAS” (Cost Accounting Standards). CAS has a reputation of adding onerous layers of regulations to an already overloaded regulatory system for Government contractors. Yet, with many exemptions from CAS available – the small business exemption being the most significant – very few contractors will ever need to concern themselves with Cost Accounting Standards.
Source: PNWC’s Government Contracting Update: Only 1 Percent of Government Contractors are CAS-Covered
New Regulation Formalizes Ombudsman Practice and Identity for IDIQ Contracts
An ‘ombudsman’ is an official charged with addressing and/or investigating the interests of individuals’ or companies’
