ICS Deadline Coming Up? Start With the Right Checklist

As the defense contracting landscape continues to evolve, one recent legislative change is expected to have a significant impact on procurement teams across the industry. The FY2026 National Defense Authorization Act (NDAA) introduced statutory exemptions for qualifying Nontraditional Defense Contractors (NDCs), creating new opportunities for commercial suppliers while shifting additional responsibilities onto prime contractors. For […]

Cost Accounting Standards (CAS) 403 governs how home office expenses are allocated to business segments performing government contracts. The purpose of CAS 403 is to establish criteria for allocating home office expenses to the segments of an organization based on a beneficial or causal relationship. The standard requires contractors to allocate home office costs in […]

Defining CAS Coverage and What is a CAS Covered Contract In its simplest sense, a CAS covered contract is any U.S. Government contract that does not meet an exemption from the Cost Accounting Standards (CAS) and includes the CAS clause (FAR 52-230-2 Cost Accounting Standards). While that sounds simple, what is not is navigating whether a […]