FAR 30.602 Materiality

Section Federal Acquisition Regulation

Facts

Citation
FAR 30.602
Type
Section
Last amended
85 FR 67613 Effective Nov 23, 2020
Text as of
FAC 2026-01
Official text
acquisition.gov

Text from acquisition.gov. Federal Register history from the Federal Register's records of the rules that amended this section.

Text

(a) In determining materiality, the CFAO shall use the criteria in 48 CFR 9903.305.

(b) A CFAO determination of materiality-

(1) May be made before or after a general dollar magnitude proposal has been submitted, depending on the particular facts and circumstances; and

(2) Shall be based on adequate documentation.

(c) When the CFAO determines the cost impact is immaterial, the CFAO shall-

(1) Make no contract adjustments and conclude the cost impact process;

(2) Document the rationale for the determination; and

(3) In the case of noncompliance issues, inform the contractor that-

(i) The noncompliance should be corrected; and

(ii) If the noncompliance is not corrected, the Government reserves the right to make appropriate contract adjustments should the cost impact become material in the future.

(d) For required, unilateral, and desirable changes, and CAS noncompliances, when the amount involved is material, the CFAO shall follow the applicable provisions in 30.603, 30.604, 30.605, and 30.606.

Federal Register history

Final rule Published Effective
Federal Acquisition Regulation: Removal of FAR Appendix 85 FR 67613 · FAC 2021-02
Federal Acquisition Regulation; FAR Case 2005-027, FAR Part 30-CAS Administration 73 FR 10965 · FAC 2005-24
Federal Acquisition Regulation; Cost Accounting Standards Administration 70 FR 11743 · FAC 2005-01

Sections cited

  • FAR 30.603 Changes to disclosed or established cost accounting practices
  • FAR 30.604 Processing changes to disclosed or established cost accounting practices
  • FAR 30.605 Processing noncompliances
  • FAR 30.606 Resolving cost impacts

Quick answers

What is FAR 30.602?

FAR 30.602 is a section of the Federal Acquisition Regulation, titled "Materiality".

When was FAR 30.602 last changed?

The most recent final rule on record is "Federal Acquisition Regulation: Removal of FAR Appendix" (85 FR 67613), published Oct 23, 2020 and effective Nov 23, 2020.

Are changes to FAR 30.602 proposed?

No proposed rule from the last 3 years is waiting on a final rule.

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