Federal Contractors’ Cost Accounting Paperwork Gets Another Extension
Published Date: 6/16/2025
Notice
Summary
Contractors working with the government must keep updating their cost accounting info to follow the rules. The government is asking to extend the approval for collecting this info, which helps make sure everyone’s playing fair with costs. If you’re involved, get ready to keep submitting your updates by July 16, 2025, with no new fees or big changes.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Contractors must keep reporting CAS changes
If you are a contractor performing Cost Accounting Standards (CAS)-covered contracts, you must continue to submit notifications and descriptions of cost accounting practice changes under FAR 52.230-6, including revisions to Disclosure Statements and rationale when you claim a change's cost impact is immaterial. The Office of Management and Budget is reviewing an extension of the information collection (OMB Control No. 9000-0129); the notice reports 607 respondents, 1,821 total annual responses, and 318,675 total annual burden hours, and requests comments by July 16, 2025.
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