Vol 2 - Understanding Concepts of Indirect Cost & Rates, and Allowability of Costs! Course Video 2 of 4

Terms And Definitions

Direct Costs - any cost which is identified specifically with a particular final cost objective (contract). Indirect Costs -A FAR 31.203 defines indirect cost as follows: An indirect cost is any cost not directly identified with a single, final cost objective, but identified with two or more final cost

Top 10: "Do's and Don't" in Government Contracting

1. Do assure that the Government person with whom you are dealing has actual authority to bind the Government. 2. Do remember to “get it in writing.” 3. Do recognize that the Government wants your intellectual property -- address that issue before you sign a contract. 4. Do treat certifications

C&P Part 1 - Solutions to All Exercises

Supporting Materials: Solutions - Answers to All Exercise for practice and future reference

C&P Part 1 - Handouts and Exercises

Companion Workbook #2 - All Handouts and Exercises referenced during the course presentation for practice and future reference