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DC3 Training Session: Overview of Federal Acquisition Regulation

Event Type
Research Park and Champaign County Economic Development Corporation
Sep 29, 2022   8:30 am - 12:30 pm  
Registration Required. Virtual details provided prior to event.
Cathy McArthur
Originating Calendar
Research Park Events

Join us on Wednesday, June 29 from 8:30 AM to 12:30 PM to learn more about the Federal Acquisition Regulation. This session is virtual. Zoom details will be provided by email prior to the event to those who registered. 

This is a four-part training series, facilitated by Capital Edge Consulting. 

  • Wednesday, March 30: Cybersecurity Maturity Model Certification (CMMC)
  • Wednesday, June 29: Introduction to Government Contracting
  • Thursday, September 29: Overview of Federal Acquisition Regulation (FAR 31)
  • Tuesday, December 6: Truthful Cost and Pricing Data & FAR Part 14

Overview of Federal Acquisition Regulation (FAR) Part 31 Cost Principles and Procedures. These guidelines help maintain consistency between the accounting methods used by different contractors and need to be followed so that government agencies can easily review costs and approve the reimbursement of qualifying expenses. Every contractor needs to be familiar with these guidlines since charging for costs not covered under FAR Part 31 could result in penalties; failing to report every reimbursable cost could considerably reduce a contractor’s profit margin. sbir

About DC3

DC3 is a local network of companies and organizations that pursue federal funding for the defense industry. The DC3 group includes a curated group of local companies working on defense/space/cybersecurity related technologies to support the defense industry cluster in Champaign-Urbana. The group has been meeting over the last two years to better understand the companies locally in this sector and address challenges and opportunities of mutual interest. The group is co-chaired by: Bill Vavrik, Applied Research Associates, VP Principal Engineer and Division Manager; Bill Dick, Illinois Rocstar, President and CEO; and Mark Scott, Director, Software Engineering - Global Governments at Forcepoint. The University of Illinois Office of Corporate Relations, University of Illinois Research Park, and Champaign County Economic Development Corporation are organizational partners for this network. 

This event is free, but registration is required. Register HERE

If you have any questions, need special accommodations, or have dietary restrictions, please contact Cathy McArthur at mcarthur@illinois.edu.

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