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CASB Ties Applicability Threshold to TINA


The Office of Federal Procurement Policy, Cost Accounting Standards Board, has issued an interim rule revising the threshold for the application of CAS from "$650,000" to "the Truth in Negotiations Act (TINA) threshold, as adjusted for inflation (41 U.S.C. 1908 and 41 U.S.C. 1502(b)(1)(B))." The change is being made because the CAS applicability threshold is statutorily tied to TINA and the TINA threshold for the submission of cost or pricing data was revised and adjusted for inflation by Section 807 of the Ronald W. Reagan National Defense Authorization Act for Fiscal Year 2005 (PL 108-375) as incorporated into the Federal Acquisition Regulation at FAR 15.403-4 (a)(1) by a final rule issued with Federal Acquisition Circular 2005-45 on August 30, 2010 (75 FR 53129). Until this interim change, the CAS applicability threshold was a stated dollar amount ($650,000) in the Code of Federal Regulations. This wording change will effectively revise the CAS threshold to $700,000 and cause future changes to the CAS applicability threshold to self-execute upon any changes to the TINA threshold as they are implemented in the FAR. The interim rule revises the CAS applicability provision at CASB 9901.306 and amends CASB 9903.201-1 through CASB 9903.201-4 and CASB 9903.202-1. Comments on the interim rule should reference "CAS-TINA Threshold" and are due September 12, 2011. For the text of the rule, which goes into effect August 11, 2011, see 70,055.22.



































































































 






 

 

(The news featured above is a selection from the news covered in the Government Contracts Report Letter, which is published weekly and distributed to subscribers of the Government Contracts Reporter. )

     
  
 

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