It’s time to how you determine allowability of IR&D costs. Not rethinking your approach could result in the government deeming your IR&D costs expressly unallowable. Spending a few minutes reading this blog will provide you with the required knowledge to ensure your IR&D costs continue to be allowable.
Effective January 30, 2012, the DFARS IR&D cost principle (DFARS 231.205-18(c)(iii)(C)) now requires, as a condition of allowability, contractors to report their IR&D projects to the Defense Technical Information Center (DTIC). Even though this requirement applies only to “major contractors”, as defined in DFARS (<a target=_blank …read more
Read more here: Government Contracting