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Showing results for tags 'allowability'.
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Hi All, Although I've been using WIFCON as a resource for almost 15 years, this is the first time I've actually asked a question, so thanks in advance for sharing you knowledge with me, and for all of the guidance in the past 15 yrs! I've recently taken a new job at a small R&D contractor, and I'm dealing with an issue that is utterly confounding me, as I've never dealt with leased equipment under a gov't contract. Here's the facts relevant to the situation (all of which took place prior to my employment): 1. Our company is leasing some scientific equipment to be used on an R&D contract for our DOD customer. 2. The company from who we leased the item wanted pre-payment prior to delivery of the equipment. 3. The Government contracts attorney we were using prior to my arrival advised that pre-payments are not allowable, and we would have to get permission from our KO to bill the full amount of the lease to the contract. 4. We requested permission from the ACO, who's response was "I don't have a problem with it". 5. To complicate matters, we now need to use this leased equipment on two other contracts, but it has already been charged and billed to one contract. Here's my questions: 1. I can't find any reference to pre-payment of leased equipment being unallowable. Does anyone have a reference for this? 2. In order to use the leased equipment (already billed to one contract) on another contract, what do I need to do from an accounting standpoint? Also, leases are not GP subject to part 45, but do I need to also request KO permission to use the leased equipment on another contract? Thanks again for your help! --j
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- leasepre pay
- allowability
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I am managing a Cooperative Agreement issued from USAID. The award doesn't stipulate any restrictions regarding overtime payment. I was wondering whether we can pay overtime. Overtime will be considered anything above 40 hours of work per week. I know that cooperative agreements are governed by 22 CFR 226, 22 CFR 228 and cost rules . We are also a Commercial entitiy so hence we should use our own cost principles and policies under a Cooperative Agreement as same as FAR part 31, that said all of these regulations are silent regarding payment of overtime. I would really appriciate you guidance/thoughts on this subject!
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- Cooperative Agreement
- overtime
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