Indirect Rates – What Strategy is Right For Your Organization?

Program will cover:

Managing Projects with Ever Changing Rates
Government Contractors struggle to forecast the impact costs will have when you bid a multi-year project.  We will discuss how to carefully manage the ebbs and flows of the costs in the organization and stay vigilant and be ready for unexpected expenses during the execution of your project.

What should be included in the Fringe pool?
FAR 31.205-6(m) outlines what should be in a fringe pool.  The question is should you have a separate fringe and overhead pool or just put fringe in overhead?  In the session we will discuss the pros and cons of each methodology. What are the effects of rates on winning new business and executing projects? 

Have you selected the right General and Administrative (G&A) base for your company?
You may be struggling with how to pick the right G&A base for your organization or considering making a change.  The discussion will be around the finer points of Total Cost Base, Value Added Base and Single Element Base. You will learn about the components of G&A and the base, the rules and where to locate them, and the pros and cons of base selection.  In addition, topics related to the FAR, CAS, and DCAA will be discussed.

Other Topics
Other discussion topics will be Actual vs Provisional vs Target/Planning rates, calculating rates from GL budgets, and even for an organization with no cost plus work, why they should look at using indirect rates to understand profitability on T&M and FP projects.

About the Speaker:

Rich Wilkinson, Director of Solutions Engineering, Unanet

Rich spent more than 8 years as a Contracting Officer with the Naval Air Systems Command and then 10 years in a variety of finance and accounting leadership positions at leading GovCon firms from ManTech to General Physics to CSC. In those 10 years, he implemented accounting systems in 12 different business units of those companies and managed both financial operations and government contract compliance functions.

Rich has spent the last 20 years in senior leadership roles with a number of very prominent software companies and service providers serving firms in the GovCon sector. In past positions, Rich worked with a business process outsourcing firm, a leading Washington area CPA firm where he focused on contract and accounting compliance, and for more than a decade was a spokesperson and held other leadership roles at Deltek in their GovCon business unit. Rich is currently with the Solutions Engineering group at Unanet, a leading provider of Project ERP software for professional services firms.