Cost Issues and Defective Pricing

Government contract cost principles, the Cost Accounting Standards (CAS), and the Truth In Negotiation Act can affect the pricing of, accounting for, and ultimate profitability of, contracts and contract modifications. They often impose significant record keeping, disclosure and other administrative burdens. Our lawyers assist clients in negotiating with government auditors and contracting officials on questions of the allowability of costs and contractors' compliance with cost principles and the CAS.

Our representative experience includes: 

• Assisting defense contractor in negotiations with the Defense Contract Audit Agency regarding executive compensation and billing rate issues.