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Indirect Rates for Government Contractors: A 4-Part Series Part 1 of 4 ? How to Develop DCAA-Compliant Indirect Cost Rates Webinar  

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Seminar Summary:

We will cover the proper indirect cost rate formation to be compliant with the FAR, CAS and meet DCAA's requirements. This course will provide an overview of how indirect cost rates are developed and used in government contracting with the US Government. Our approach is to teach theory with practical indirect rate models, so that the attendee can understand how indirect rates work. There are so many different aspects of indirect rates; we have developed a 4-part series to cover indirect rate development (this webinar), projection of indirect rates, preparing the DCAA ICE Template, and how FAR Part 31.2 cost principles impact your indirect rates. (see full course description)

 
 

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Training Course Syllabus:


Indirect Rates for Government Contractors: A 4-Part Series Part 1 of 4 ? How to Develop DCAA-Compliant Indirect Cost Rates

We will cover the proper indirect cost rate formation to be compliant with the FAR, CAS and meet DCAA's requirements. This course will provide an overview of how indirect cost rates are developed and used in government contracting with the US Government. Our approach is to teach theory with practical indirect rate models, so that the attendee can understand how indirect rates work. There are so many different aspects of indirect rates; we have developed a 4-part series to cover indirect rate development (this webinar), projection of indirect rates, preparing the DCAA ICE Template, and how FAR Part 31.2 cost principles impact your indirect rates. Indirect Cost Rates

Instructor: Paul H. Calabrese

Objectives of the Presentation

Learn about the different indirect cost rates commonly used by Government Contractors
Acquire confidence in developing basic indirect cost rates
Understand internal allocations of cost such as fringe and occupancy
Realize that all contractors must allocate Bid and Proposal (B&P) and Independent Research and Development (IR&D) using a methodology from CAS 420
Gain insights into how to prepare indirect cost rates that complies with DCAA´s requirements
Connect with an expert with over 30 years experience to obtain personalized advice outside of this webinar

Why Should you Attend

If you are involved with government contracting, this is a must-hear webinar on indirect cost rates. Indirect cost rates are an integral part of cost recovery for government contractors. An indirect rate is a ratio or fractional / mathematical representation of your business´s various layers of administrative cost that include: fringe benefits, overhead management of a certain business line or geographic area, and general and administrative including sales. From the CEO to the COO to the CFO to the project managers, all must understand the impact and importance of indirect cost rates.

Understanding how indirect cost rates work with respect to the proper methodologies for cost accounting that will impact forecasted projections, historical settlement of indirect rates, change orders, established or formalized disclosures, internal controls, and risk of possible defective pricing, as well as the avoidance of civil or criminal penalties under the False Claims Act from including expressly and/or unallowable expense in your monthly invoices and other claims to the US Government.

Areas Covered

Single and Multi?Tier Rate System
What do they look like
How do they work
Fringe, Overhead, G&A, Subcontract Administration / Material Handling
What do they look like
How do they work
Common Service Centers: Fringe and Occupancy
What do they look like
How do they work
Step Down Order of Recording and Allocating Cost
What does it look like
How does it work
Uniqueness of B&P (Bid and Proposal) and IR&D (Independent Research and Development) Tracking
What does it look like
How does it work
What does the Federal Acquisition Regulation (FAR) and CAS (Cost Accounting Standards) say about indirect cost
Analysis of Indirect Cost

Who will Benefit

For Government Contractors: CEO, COO, legal, Finance & Administration, CFO, Controller, Director of Accounting, Accounting Manager, Accounts Receivable, Accounts Payable, Payroll manager, Timekeeping personnel, Invoicing, Job Costing, Compliance Officer or Compliance, Project Manager, Assistant or Deputy Project Manager, Project Officer, Quality and Assurance, Contracts Director or Contracts Manager, Pricing or Director of Pricing, Bid and Proposal personnel. For Construction: Superintendents, Field Project Manager, Project Manager, and Project Officer. For personnel working for the Federal Government: auditors, inspectors, procurement personnel. Contract officer, contract specialists, contract administrators, contract officer technical representative (COTR), contract officer representative (COR), Pricing personnel. Consultants: legal, accounting, finance that interface with government contractors. Public accountants that have the government contractor industry.

Time: 10:00 AM PDT, 01:00 PM EDT | Duration: 90 Minutes

Seminar Summary:

We will cover the proper indirect cost rate formation to be compliant with the FAR, CAS and meet DCAA's requirements. This course will provide an overview of how indirect cost rates are developed and used in government contracting with the US Government. Our approach is to teach theory with practical indirect rate models, so that the attendee can understand how indirect rates work. There are so many different aspects of indirect rates; we have developed a 4-part series to cover indirect rate development (this webinar), projection of indirect rates, preparing the DCAA ICE Template, and how FAR Part 31.2 cost principles impact your indirect rates. (see full course description)

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