Thompson Government Contracting

2016 - Managing Cost-Type Contracts How to recover costs, make a profit, and avoid enforcement actions

Wednesday, May 04, 2016

Webinar Details

Subject: Federal Contracting

Duration: 90 minutes

Location: Your office or conference room, per telephone connection

Course Description:

It’s relatively easy to keep government “time and material” (T&M) contracts profitable. Cost-reimbursement contracts, however, come with many more ways for you to wind up taking a loss and facing severe enforcement actions.

Still, cost-reimbursement contracts can have a much higher profit potential than T&M work. The “price of admission” is knowing the accounting system you’ll need, how to set direct and indirect-cost budgets, and how to manage on an accrual basis and with actual (not billing rates). Plus, you must know which costs are and aren’t reimbursed.

Here’s your starting point for doing it all successfully.

Register now for Managing Cost-Type Contracts.

In this 90-minute webinar, Aronson LLC consultants Tom Marcinko and Aisha Mian clear the confusion over how to manage cost-type contracts. This overview explains how to meet your obligations so you can recover your costs, make a profit and avoid “false claim” violations that can lead to costly enforcement actions.

Maximize cost-recovery, minimize your risks. In this practical overview, you’ll learn how terms like “cost” and “adequate accounting system” are defined. Your consultants also will explain real-world aspects of managing these contracts, including why you must use actual vs. billing rates, use accrual-basis accounting and maintain direct and indirect budgets. Plus, you’ll have the chance to ask your own questions during the Q&A portion of the webinar.

Reserve your space now to learn practices that can make the difference between profitably recovering your costs and losing your shirt, including:

  • What an “adequate” accounting system must include
  • Which costs can—and can’t—be reimbursed
  • How direct costs are reimbursed
  • How indirect costs are reimbursed
  • How to handle invoicing on cost-type contracts
  • The “Paid-to Cost” rule
  • The limitation of Cost-and-Funds clauses

Register now for Managing Cost-Type Contracts.

Great value! Register by phone line rather than by the number of attendees so you can bring your entire team.

Who Will Benefit

This webinar is of value to all federal contractors and their partners and advisors, including:

  • Contractors
  • Sub-contractors
  • Accountants
  • Legal counsel
  • Compliance officers
  • Contracting officers

Bottom line: you don’t have to let challenging requirements keep you from bidding and performing on large—and lucrative—federal cost-type contracts. Let these contracting experts show you how to take your business to the next level with management systems and strategies that help you mitigate risks and maximize cost recovery.

Tom Marcinko

Tom Marcinko is a Principal Consultant in Aronson's Government Contract Services Group. He is responsible for providing clients with a broad variety of both pre- and post-award support. With over 30 years of government contracting experience, he specializes in proposal development, contract and subcontract administration, FAR compliance, small business programs, and government audits. Tom earned his Bachelor of Science Degree in Accounting from the University of Central Florida and his law degree from the University of Florida. He is a member of the Florida Bar and the National Contract Management Association (NCMA).

Aisha Mian
Aisha N. Mian is a managing consultant in Aronson LLC’s Government Contract Services Group. She has more than eight years of experience in the government contracting industry, with expertise in both project control and financial compliance. Her professional skills include contract/project financial analysis and various areas of financial compliance, including preparation of incurred cost submissions; support in evaluating, preparing and advising appropriate indirect rate structures; preparation of disclosure statements; and analysis and impact of cost accounting standards (CAS). She has also worked alongside in-house DCAA auditors supporting audits for incurred cost submissions during her time in the industry. Aisha has been a guest speaker on financial and government contracting topics at the GWSCPA Government Contracting Conference and has hosted Aronson LLC webinars related to government contracting topics. She earned her bachelor’s degree in finance from George Mason University and her MBA from the Robert H. Smith School at the University of Maryland College Park.

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