Contract Types
Contract type where total revenue is contract value
What is a Firm Fixed Price (FFP) contract?
Allowable expenses can be charged to the Government contract if they are...
What are reasonable and allocable?
Government auditors who audit DoD contracts
Document that contains significant details regarding how we charge costs to our Government Contracts
What is the Disclosure Statement?
What rate segment is located in Dulles VA?
What is TSSD?
Contract type that is best for NGC when costs are unknown/hard to control
What is a Cost Plus Fixed Fee (CPFF) contract?
Entertainment and alcohol costs are...
What is unallowable?
Regulation that addresses the measurement, assignment, and allocability of costs
What is CAS (Cost Accounting Standards)?
Document that submits our allowable costs for recovery on the company's Government contracts
What is the Incurred Cost Submission (ICS)?
Number of CAS rate segments NGSP has
What is 9?
Contract where costs are recovered + fee based on performance
What is a CPAF (cost plus award fee) contract?
Max cost of a business meal per person (when only NGC employees are present)
What is $50?
Regulation that includes Cost Principles that govern matters of cost allowability
What is the FAR (Federal Acquisition Regulation)?
The template predominantly used to complete the ICS
What is the DCAA ICE model?
% of NGSP business that comes from Government Contracts
What is ~85%?
Contract that has the highest risk for the US Government
What is a Cost Plus Fixed Fee (CPFF) contract?
Lobbying costs are...
What is unallowable?
Government agency that has official oversight over Government Contractors
What is DCMA?
Time required to disclose cost accounting practice changes before implementation
What is 60 days prior?
The largest NGSP rate segment by Sales
What is Strategic Space (SSSD)?
Contract that neither NGC or US Government would prefer
What is a Time & Materials (T&M) Contract?
Two main NGC policies related to cost allowability
What are CTM F200 and CTM F800?
The main area of the FAR Government Compliance works with
What is FAR Part 31, Contract Cost Principles and Procedures?
Organizations that are required to submit ICS are ...
What are Corporate, each Sector Home Office, all CAS segments of the sector?
CAS structure maximizes...
What is Business Autonomy and Flexibility?