For Government Contractors, how indirect costs are accumulated and allocated to contracts can make all the difference between winning and losing future business. Worse, it can make all the difference between making a profit or losing money on awarded contracts. In this session we will take a detailed look at how indirect rates are established, what they are used for and by whom. We will also review how the indirect rate structure can be established to maximize company profits and its competitive advantage.
This session will include the following topics:
- Direct vs indirect costs
- Allowable vs unallowable costs
- Indirect pools and allocation bases
- How are indirect rates established
- How are indirect rates used
- Why chose one indirect rate structure over another
- Provisional indirect rates
- Final indirect rates
- Role of DCAA and DCMA
- Examples of one, two and three tiered rate structures
Virginia PTAP counselor, Stacey Coolican will be present to discuss how to sign up for free counseling and take advantage of Procurement Technical Assistance Program services.
Prerequisite: must take Basic class first. Please bring a calculator to class.
Participants in this Group-Live Seminar can earn up to 3.5 Total CPE Credits: 3.5 in Specialized Knowledge
WJ Technologies is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. This class will be taught by Karen Louis, Managing Member, WJ Technologies L.L.C.