The Art of Managing Cost Type Contracts

Managing cost type contracts is a sophisticated undertaking. Failure to comply with the unique and extensive requirements inherent in cost reimbursement contracts can have serious consequences, including poor cash flow, incurring a loss and False Claims Act violations. Understanding the list of obligations is essential to mitigating risk, maximizing cost recovery and maintaining the bottom line.

Deltek partner expert Aronson LLC guides the cost type contract discussion with practical tips on which costs can and can't be reimbursed, how direct and indirect costs are reimbursed, as well as:

Invoicing best practices
The "Paid-to Cost" rule
The limitation of Cost-and-Funds clauses.

Speaker and Presenter Information

Tom Marcinko
Principal, Government Contracting Services Group
Aronson, LLC

Tom Marcinko is a principal consultant in Aronson LLC’s Government Contract Services Group. He is responsible for providing clients with a broad variety of both pre- and post-award support. With more than 30 years of government contracting experience, he specializes in proposal development, contract and subcontract administration, FAR compliance, small business programs, and government audits.

Nicole Mitchell, CPA
Partner, Government Contracting Services Group
Aronson LLC

Nicole Mitchell, CPA, CGMA, specializes in accounting and financial issues impacting government contractors. She has a broad-based background in generally accepted accounting principles and cost principles related to government contractors, including Federal Acquisition Regulations (FAR) and Cost Accounting Standards (CAS). With in-depth knowledge of the key financial business systems and compliance risk unique to government contractors, Nicole provides consulting and accounting services in the areas of financial regulatory compliance, contract pricing and complex cost accounting structures.