Introduction to FAR Part 31

Contract Cost Principles and Procedures

PNWC Course No. 24

This two and a half day course covers all 46 cost principles found in FAR 31.205, the composition of costs, and the concepts of allowability, reasonableness, and allocability. With real-world case studies and relating the principles to actual experiences, the instructors have made this a lively, interesting, and interactive course.

The course is comprised of the following 14 lessons:

Lesson	Description

1	FAR Part 31 Applicability
2	Composition and Allowability of Costs
3	Allowable Costs
4	Unallowable Costs
	Allowable Costs with Restrictions
	Non-employee related
5	Public Relations, Advertising, Lobbying, and Political Activity
6	Professional Services and Activities
7	Insurance and Legal Costs
8	Facilities, Equipment, Tooling, and Related Costs
9	IR&D and B&P
10	Patent, Selling, Economic Planning, and Taxes
11	Other
	Employee related
12	Compensation and other labor related (except pensions)
13	Pensions
14	Travel and Relocation

Student Resources

Current version of FAR Part 31 in Word format

Recap of recent changes to FAR Part 31