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Negotiating Forward Pricing Rate Agreements
October 4 @ 2:00 pm - 3:30 pm
One event on October 4, 2022 at 2:00 pm
One event on October 18, 2022 at 2:00 pm
Forward pricing rates are a key tool in the government’s workshop, allowing it to quickly negotiate contracts. During this 3-part program, our expert, Jennifer Flickinger, will dive into development of forward pricing rates and best practices for audit preparation.
Session 1 – Indirect & Direct Labor Bid Rate Basics
In the first session of our Forward Pricing Rate series, we’ll review the basics of Indirect and Direct rates. We’ll described the differences between direct and indirect rates, we’ll offer cover cost allocability issues, and describe the process by which a contractor establishes an indirect rate.
• Direct Rates
• Indirect Rates
• Development of Indirect Rates
Session 2 – Going Deeper on Rate Types
In the second session of our Forward Pricing Rate series, we’re going further into Direct and Indirect Rates. Last session we provided a basic definition, but today we’re digging deeper into how different types of rates are used.
• Provisional Billing Rates
• Forward Pricing Rates
• Direct Labor Bid Rates
• Proposing Indirect Rates
Session 3 – Rate Audits
In this final session, Jennifer will discuss Forward Pricing Rate Audits, common issues, and how contractors can best prepare.
• Forward Pricing Adequacy Checklist
• Forward Pricing Audits
• Common audit issues
• Preparing your audit response
Instructor: Jennifer Flickinger, GovCon Advisors LLC