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If you have a fixed price contract with the government, who owns the left over equipment and materials. I know that most of the equipment will be owned or rented, but it is possible that some equipment could be purchased and what about the materials. For example if ...

Hello, I received a unilateral contract modification to deobligate funding from a contract that expired few months ago.  Our Finance Department's position is that we should not deobligate funds until we have completed negotiation of the rates and have submitted our ...

The NCMA Boston Chapter is so proud to support WC 2019's Community Service Project benefiting the Dana Farber Cancer Institute's pediatric oncology Jimmy Fund Clinic!  Find us at the Community Service Project table in the Exhibition Hall Monday and Tuesday to help compile ...

Hi Elaine.  Years ago in the early 80s we were aware of a concept called "allocable but not billable."  That's what you have.  The FAR in part 31 describes how you classify direct and indirect costs.  The definitions in FAR 2.101 define G&A, but not overhead.  Still, ...

To play off of Patrick's response in the commercial world the difference between MOU and contract is as noted where a MOU is intended to not usually contain legally enforceable promises.  In the Federal sector the difference is essentially the same but statute and ...