Cost and Pricing
This is for those of you who missed the information on the new Cap on executive compensation. Most of us are nowhere near this cap! However, you should at least be aware of it. Please note that this limit applies to only the largest contractors. Small and midsized contractors would
INSPIRATIONAL CORNER
It will take just 37 seconds to read this and hopefully change your thinking. Two men, both seriously ill, occupied the same hospital room. One man was allowed to sit up in his bed for an hour each afternoon to help drain the fluid from his lungs. His bed was
Cost and Pricing
In this review
Cost Allowability (FAR 31)
FAR 31.205-6(a)(6)(ii) states compensation to owners must be reasonable for the personal services rendered, and not be a distribution of profits. Therefore, it appears that distribution of profits is not an allowable contract cost. However, payments made to owners are Not Automatically Unallowable if the payments
Cost and Pricing
Key Fraud Indicators
Other Items of Interest
Dont pay for whats free!
Policies, Procedures, Internal Controls
Issued by: DEPARTMENT OF DEFENSE Subject: Questioned Hours on Time-and-Materials (T&M)/Labor-Hour (LH) Contracts are targeted for Disallowance. A memorandum was issued to clarify guidance on reporting questioned labor costs relating to exceptions taken to labor hours billed/claimed on T&M and LH contracts when labor
Current Events
Steve Preston, Administrator of the U.S. Small Business Administration, made the following statement today on President George W. Bush's signing of H.R. 5264, the "Andean Trade Preference Extension Act of 2008," which extends the Andean Trade Preference Act through 12/31/08: "The
Current Events
1. SBA is building on improvements made to its lender oversight practices. The agency has taken a number of steps to ensure strong lender oversight. It has enhanced: on-site reviews and off-site monitoring of lenders; reviews of lender delegated authority applications; and its program requiring lenders to take corrective actions
Cost Allowability (FAR 31)
Inquiry: I wonder if you could help with a related problem/question. We're a staffing company and provide temps to Federal agencies on a per hour basis. The question relates to Overtime. Obviously we pay the employee time and a half for overtime work. Does the FAR address
Cost Allowability (FAR 31)
Lets look a little closer at the basic guidance. Then you must make a determination on activities cost allowability and be prepared to support your conclusion. Employee Welfare and Morale Expense - Employee welfare and morale expenses are costs incurred on activities to improve working conditions, employer-employee relations, employee morale,
Cost and Pricing
Inquiry: As a firm that invoices based on Fully Burdened Labor Rates using Commercial Market or Catalog Labor Rates, are the methods, as we discussed and information reviewed, used to support and invoice our customer appropriate and adequate? What level of detail do we need in supporting our fully burdened
