Indirect Rate Development
I work with your team to establish indirect rates to provide full cost recovery needed to operate and grow your business.
Includes prior years’ indirect rates, provisional (budgeted) billing rates for invoicing and forward pricing rates (to price proposals).
Key ingredient in performing Government contracts.
Contractors need to have the tools necessary to establish and monitor its indirect rates.
Indirect rates need to be established for the company you are today and tomorrow.
Incurred cost submissions (ICE)
If you have a federal contract or grant, you will probably be subject to an Incurred Cost Submission requirement. This submission to the federal government is to account for the costs that you have incurred. These costs include both direct and indirect costs and are usually due within 6 months of the end of the fiscal year that your project was completed in.
Objectives to be achieved include:
Manage indirect rates.
Identify unallowable costs.
Ensure consistent cost accounting.
How to apply the Incurred Cost Submission.
DCAA accounting issues
The Defense Contract Audit Agency audits government contractors in a number of ways. My firm is available to help you with:
Support and assistance with DCAA audits.
Support you with DCAA pre-award system audits.
Assistance with audits of contractor and subcontractor price proposals.
Design accounting systems acceptable to the auditing agencies.
Timekeeping and accounting policies.
Compliance with regulatory government indirect rate structures.
Preparation and assistance with termination settlement proposals and audits.
Preparation of claims, requests for equitable adjustments in contract prices and other price proposals.
Price cost proposals
Assist with preparation of Cost Volume which is a presentation of your bid costs including the cost basis, implementation plan and implementation schedule. Your cost proposal will include:
Summary of Total Cost by Element.
A breakdown of labor by hours, rate and labor category.
Consolidated priced bill of materials.
How indirect rates were computed and applied.