Overview
Subpart 31.5 of the Federal Acquisition Regulation (FAR) is currently designated as [Reserved]. This means that there are no active regulations, cost principles, or requirements contained within this specific section of the FAR at this time.
Key Rules
- No Active Content: There are no specific regulatory rules or guidelines provided in this subpart.
- Placeholder Designation: The term "[Reserved]" is used as a placeholder to maintain the numbering continuity of the FAR. This allows the FAR Council to insert future regulations regarding contract cost principles and procedures without renumbering the entire Part 31.
- Compliance Neutrality: Because this section is empty, there are no cost accounting standards or allowability criteria that contractors must adhere to under this specific subpart.
Responsibilities
- Contracting Officers: Currently have no oversight or enforcement responsibilities tied to this subpart.
- Contractors/Offerors: Are not required to report, track, or justify costs based on any provisions in Subpart 31.5.
- FAR Council: Holds the responsibility for determining if and when new regulatory language will be drafted and inserted into this subpart.
Practical Implications
- Direct Impact: In real-world government contracting, Subpart 31.5 has zero impact on current operations, proposal pricing, or audits.
- Research Efficiency: When conducting a compliance review of FAR Part 31 (Contract Cost Principles and Procedures), professionals should skip this subpart and move directly to the relevant sections, such as Subpart 31.2 (Contracts with Commercial Organizations) or Subpart 31.6 (Contracts with State, Local, and Federally Recognized Indian Tribal Governments).
- Future Proofing: Legal and compliance teams should occasionally monitor FAR updates to see if this subpart becomes populated, as it would likely signal the introduction of a new category of cost principles.