The first session will preview the web series, establish the foundation and connectivity of the four topics, and dive into our first subject, unlimited PTO. As many organizations shift to unlimited PTO, we'll define what it is and the workforce implications. Next, we'll consider the unique challenges presented to Government contractors. In cost-based acquisition, compensation is governed by FAR Part 31 and, for some CAS 408, among other regulatory requirements. We'll look at the accounting, reporting, and documentation requirements that may impact both financial accounting and a contractor's cost accounting practices.

This 4-part web series explores some of the accounting and pricing implications of innovative workforce management approaches. Whether you have implemented workforce management strategies or are considering embracing alternative employee-related initiatives, Government contractors can't avoid the compliance impact on contract pricing and accounting.

Navigating the pandemic, most organizations know that remote workers supporting or allocating costs to Government contracts are subject to substantiation and oversight. Given labor costs are generally the most significant cost incurred under Government contracts we'll summarize the documentation, reporting, and auditor oversight requirements. Then, we'll tackle some of the return-to-office challenges such as: policy/plan updates, travel time compensation, unoccupied facilities, and other questions regarding flexible work and Government contract implications.

Workforce flexibility impacts an organization's facility occupancy, management, and cost recovery. Given these changes in the workplace, contractors are seeing increased scrutiny on facilities management and utilization. Often, the scrutiny results in questioned costs in their final rate submissions under FAR 31.205-17- Idle facilities and idle capacity and FAR Part 31.201-3, reasonableness. Documentation is key to demonstrating mitigation strategies undertaken by the contractor and optimizing cost allowability. In this session, participants will become familiar with the requirements and common mitigation approaches to facility compliance with the contract cost principles.

Our final session, we'll discuss "uncompensated overtime," sometimes called green time or competitive time. It is essential for Government contractors to understand the concept of uncompensated overtime. Uncompensated overtime may impact contract pricing, contract accounting, and contract reporting. Noncompliances with the requirements may lead to over/under absorption of cost, defective pricing allegations, and FAR and CAS non-compliances. Join us as we clarify the confusion surrounding uncompensated overtime. We will explain the terminology and circumstances in which it may occur. Next, we'll illustrate pricing and accounting implications with examples and explore strategies to ensure accurate cost calculations for accounting and pricing while avoiding potential compliance issues.

In this session, we will introduce students to the specialized contracting procedures that apply to contracts with the U.S. Government. We will examine the uniform contract format and discuss the purpose of each section, as well as identify the sections that are most likely to give rise to disputes. We will also introduce students to the Federal Acquisition Regulation (FAR) and its agency-specific counterparts, with particular focus on the Defense Federal Acquisition Regulation Supplement (DFARS). Learning Objectives: By the end of this session, students will be able to:  Identify the unique features of Government contracts  Know where to find information about proposal preparation; identify important contract provisions; and identify critical compliance obligations in Government contracts  Navigate the parts of the FAR, and know where to find corresponding agency-level regulations.

This 4-part series introduces students to government contracting terminology and the complete contracting lifecycle, including contractor registration, competition, and appealing decisions. It also offers practical tips for avoiding common mistakes in government contracting.