Managing Indirect Rates for Government Contracts


This event qualifies for 1.0 CPEs


Developing indirect rates is only one piece of the puzzle for government contractors. Managing indirect rates leads to financial and contract success. We find that many contractors only calculate indirect rates at the end of the year and do little to manage rates throughout the year. Several factors affect indirect rates including unplanned expenses, budget errors or oversights, and won or lost contracts. Monitoring and managing indirect rates throughout the years helps contracts avoid significant over- or under-billing at year end. The former results in a large payment due to the Government, and the latter may mean unbilled expenses if the program is out of funds. We'll walk you through our 4-step process to monitor and manage indirect rates.

 

Learning Objectives

  • Describe the importance of managing indirect rates.
  • Identify causes of rate variance.
  • Explain the impact of over- and under-billing costs.

 

Left Brain Professionals is the registered sponsor of this event.

 

Left Brain Professionals Inc is registered with the Ohio Board of Accountancy (license CPE.445) as a sponsor of continuing professional education. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the Ohio Board of Accountancy through its website: https://elicense.ohio.gov/oh_filecomplaint.

Speaker and Presenter Information

Award-winning speaker Robert E. Jones shows audiences how to navigate the constantly changing legal and regulatory landscape of government contracts. In his engaging and highly rated presentations, he shares insider secrets drawn from 18+ years of DoD contract and accounting experience. His proactive, decisive approach to finding opportunities and solving problems is based on experience in managing more than $400 million in federal contracts.

 

Mr. Jones has experience with a wide variety of speaking engagements including emcee/moderator, seminars, training, chapter meetings, and conference presentations. He engages audiences with innovative approaches to contract profitability, accounting, compliance and related topics.

 

The West Virginia native earned a bachelor’s degree in accounting from the McColl School of Business at Queens University of Charlotte in North Carolina. He holds a master’s degree in accountancy from The Graduate School of the College of Charleston in South Carolina. He is a licensed CPA in the State of Ohio.

Relevant Government Agencies

Air Force, Army, Navy & Marine Corps, DOD & Military, NASA, Federal Government


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Event Type
Webcast


This event has no exhibitor/sponsor opportunities


When
Tue, Jun 14, 2022, 1:00pm - 2:00pm ET


Cost
Complimentary:    $ 0.00


Website
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Organizer
Left Brain Professionals Inc.


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