FAR Overhaul Update: FAR Part 31 Main Takeaways – Tip Line 10
Автор: Capital Edge Consulting
Загружено: 2025-08-08
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Описание:
In this week’s Capital Edge Tip Line, CEO Chad Braley dives deeper into the Revolutionary FAR Overhaul (RFO) and what you need to know about the changes to FAR Part 31.
What You’ll Learn in This Episode:
🔍A summary of what's changed in FAR Part 31
Key Takeaways:
✅ Definitions (31.001): Thirteen were removed, mostly related to standard costing methods for labor, materials, and inventory valuation.
✅ Advance agreements (31.205-46(5)): Language was strengthened slightly. What used to read as “may be useful” now says Contracting Officers “should consider them”.
✅ Depreciation & rental costs: All references to FASB ASC 840 were replaced with ASC 842, reflecting current accounting standards.
✅ Relocation costs (31.205-35): A small but specific change: mortgage title policies are now allowable if tied to acquiring a home in a new location.
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