Did ya know . . . ?
“Billing rates” are indirect cost rates established temporarily for interim reimbursement of incurred costs, and, with the agreement of the contracting officer and can be adjusted as necessary pending establishment of final indirect cost rates. FAR 42.701.
Interested in more FAR OUT Facts? Sign up for PCI’s bi-weekly FUN with the FAR course and make the FAR FUN! Season 7 of FUN with the FAR begins October 16, 2019.
Join the FAR Conversation over on PCI’s Linked In page.