A wolf in sheep's clothing: the final FAR contract closeout rule

On June 30, 2011 the final FAR contract closeout rule will go into effect. Although the Federal Register notice accompanying the final rule states that it sets forth "procedures for closing out contract files," the real impact of the rule will be on a contractor's annual incurred cost proposal. The final rule is a significant victory for the Defense Contract Audit Agency (DCAA) insofar as it authorizes the positions DCAA has advanced for years without previously having a regulatory basis to do so.

Read "A wolf in sheep's clothing: the final FAR contract closeout rule."


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