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Women Accessing Capital and Give Me 5 Present: Managing Cost Type Contracts
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6/2/2015
When: Tuesday, June 2
11am ET/8am PT
Where: webinar
Presenter: Thomas A. Marcinko
Contact: AnnaKate Moeller


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Women Accessing Capital and Give Me 5 Present:


Managing Cost Type Contracts

 

Tuesday, June 2 at 11am ET/8am PT

 

Many government service contractors successfully enter the government market with relatively straightforward T&M (Labor Hour) contracts. Eventually an opportunity to bid and perform larger and more complex cost reimbursement contracts will present itself. The skills required to manage T&M contracts differ markedly from the skills required to manage a cost type contract. While the statements of work may be very similar, the administrative requirements associated with managing a cost type contract greatly exceed those required for T&M work. Failure to comply with these requirements can have serious ramifications. An understanding of your obligations is essential to mitigating your risks, maximizing your cost recovery and maintaining your bottom line.

 

Highlights  

  • Attributes of an Adequate Accounting System
  • Costs that can be reimbursed
  • How direct costs are reimbursed
  • How indirect costs are reimbursed
  • How cost type contracts are invoiced
  • The "Paid to Cost" rule
  • The Limitation of Cost and Funds Clauses

 

 Course Instructor: Thomas Marcinko, Aronson Company 

 

 

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