Patrick Mathern Posted March 6 Report Share Posted March 6 We are conducting a subcontract cost analysis on behalf of one of our clients. This particular sub is working through bankruptcy and the costs of this are included in their G&A expenses, which are then spread across all of their contracts. These costs aren't expressly unallowable and it appears to us that they're spread correctly across all contracts. Have we missed something? Are there allowability requirements specifically related to bankruptcy filings? Thanks all! Quote Link to comment Share on other sites More sharing options...
Don Mansfield Posted March 6 Report Share Posted March 6 4 hours ago, Patrick Mathern said: Are there allowability requirements specifically related to bankruptcy filings? No, but some bankruptcies involve reorganizations. Those costs would seem to be unallowable according to FAR 31.205-47(f)(2) and 31.205-27. Quote Link to comment Share on other sites More sharing options...
C Culham Posted March 6 Report Share Posted March 6 Chapter 41 of the DCAA Selected Area of Cost Guidebook points to other FAR Part 31 references that one may want to consider. Patrick you may have already accessed the reference but providing the link anyways. https://www.dcaa.mil/Guidance/Selected-Area-of-Cost-Guidebook/ Quote Link to comment Share on other sites More sharing options...
Patrick Mathern Posted March 6 Author Report Share Posted March 6 Thank you both! Patrick Quote Link to comment Share on other sites More sharing options...
.gif)
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.