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CSOD: WC12 - Form 1s - An Overview - F15
by Dr. Rita Wells, CPCM, Fellow and David Richardson
Author / Presenter:Dr. Rita Wells, CPCM, Fellow and David Richardson
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The DCAA Form 1s is a "Notice of Contract Costs Suspended and/or Disapproved." Prime contractors may experience significant negative impacts related to reimbursement of costs and payment of fee as a result of DCAA's issuance of Form 1s. This session covers the basics of Form 1s and offers practical advice regarding the avenues available to contractors attempting resolution. It will discuss the reasons why Form 1s may be issued and differences between "suspended" and "disapproved" costs. The roles of the DCAA auditor, ACO, contractor, and subcontractor will be reviewed with regard to Form 1s. Cash flow, risk mitigation measures, and the applicability of the Prompt Payment Act if Form 1s are rescinded will also be discussed. This session will provide valuable insights to anyone involved with Form 1s.

Difficulty Level: Intermediate

Rita Wells, CPCM, Fellow, Flour
David Richardson, Flour Government Group

Recorded at World Congress 2012

This is a downloadable product in the form of a zip file. The zip file contains the following:
- Windows Media Video file
- 1 Printable PDF file containing the certificate of completion and copy of the PowerPoint slides

Copyright (c) 2012 National Contract Management Association. All rights reserved. The listings and the contents of this work are proprietary and cannot be reproduced in any format without written permission from the copyright holder.

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