Contractors are able to recover both direct and indirect costs. While simple in theory, pitfalls abound for contractors. This series will discuss the what costs the Government may and may not pay during a contract, how they must be accounted for, and how the contractor must treat certain types of cost-creating items. During this 6-part program, our expert, Jennifer Flickinger, will dive into the Cost Principles, cost allocation and indirect rates – what are they, what do they say, when do they apply, and more!
First Thursday of the Month, 12:00-1:30pm (ET)
6 Monthly Sessions, from January to June
In this fifth session, we take a look at the challenges specific to direct rates in government contracting. Topics like labor and timekeeping, floor checks, and common pitfalls.
- Identification of Direct Costs
- Timekeeping challenges
- Floor checks and audits
- Direct cost allocability challenges
- Documenting direct costs