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Title of the item:

Be Careful What You Invoice-New Regulations Expose Contractors to Penalties.

Title:
Be Careful What You Invoice-New Regulations Expose Contractors to Penalties.
Authors:
SECKMAN, PHILLIP R.
MYERS, CHRISTOPHER W.
MENLOVE, TAYLOR M.
Subject Terms:
GOVERNMENT contractors
CONTRACTORS
PUBLIC contracts
CONSTRUCTION costs
Source:
Procurement Lawyer; Fall2014, Vol. 50 Issue 1, p3-6, 4p
Company/Entity:
UNITED States. Dept. of Defense
Periodical
The article discusses the impact of new regulations, contract clauses, and audit guidance on obligations, costs and risks associated with government contract. Topics discussed include amendment to the Department of Defence (DOD) Federal Acquisition Regulation (FAR) Supplement (DFARS), how regulations and guidance are upsetting legal precedent relied upon both contractors and contracting officers and potential ambiguity regarding cost allowability in government contracts.
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