Thompson Government Contracting

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

Thursday, May 25, 2017 • 1:00 pm ET/12:00 pm CT/11:00 am MT/10:00 am PT
1.5 CPE credits

Webinar Details

Subject: Federal Contracting

Prerequisites: None

Recommended Field of Study: Specialized Knowledge and Applications

Program Knowledge Level: Basic

Advanced Preparation: None

It’s relatively easy to keep government “time and material” (T&M) contracts profitable.  If you want your company to reach its full potential, however, you’ll eventually have to graduate to cost-type contracts. 

Cost-type contracts are often among the largest and most important that the government awards, but they’re also some of the most challenging. 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).

The learning curve is steep: Poorly managed cost-type contracts can result in contract losses, poor cash flow, inaccurate reporting and projections, and even possible False Claims Act violations.

Understanding of your obligations is essential to mitigating your risks, maximizing your cost recovery and maintaining your bottom line. Find out how, today!

Register now for Managing Cost-Type Contracts: How to recover costs, make a profit, and avoid enforcement actions

In this 90-minute webinar, Aronson LLC consultants Tom Marcinko and Donna Dominguez 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. Attendees who complete the webinar will:

  • Learn what an “adequate” accounting system must include
  • Discover which costs can—and can’t—be reimbursed
  • Understand how direct and indirect costs are reimbursed
  • Learn how to handle invoicing on cost-type contracts
  • Explore the “Paid-to Cost” rule
  • Understand the limitation of Cost-and-Funds clauses

Register now for Managing Cost-Type Contracts: How to recover costs, make a profit, and avoid enforcement actions

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

Register now!

Who Will Benefit

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

  • Accountants
  • Legal counsel
  • Compliance officers
  • Contracting officers
  • Project managers
  • Program controllers
  • Contracts administrators

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.  

Register now!

FAR Benefit: Augment your compliance training and internal controls programs!

The Federal Acquisition Regulation (FAR 52.203-13), entitled Contractor Code of Business Ethics and Conduct, requires contractors not represented as small businesses to establish an ongoing business ethics awareness and compliance program, as well as effective internal controls. Participating in this webinar course can augment your company’s code of ethics and training programs by providing specific guidance on contractual obligations. Training can also be a significant part of an internal control system. Sign up today!

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 is a featured speaker at Aronson events and a frequent guest speaker for numerous organizations, including the GWSCPA, VSCPA, the Northern Virginia Technology Council, the Washington Board of Trade and the NCMA. Tom presents training classes on a variety of subjects, including several courses in the fundamentals of government contracting for the University of Virginia’s government contracting certificate program. He has also written articles on government contracting for the NCMA Contract Management magazine and other periodicals

Donna Dominguez

Donna Dominguez is a managing consultant in Aronson LLC's Government Contracts Services Group. With more than twelve years of experience working with government contractors, she specializes in the preparation of incurred cost submissions, budgeted provisional rates, DCAA audits, government compliance matters, cost proposals, contract/subcontract administration, contract/subcontract negotiation and assisting clients in the use of Deltek GCS, CostPoint, and QuickBooks software. Through her work in public accounting as well as positions held directly at government contractors, she has comprehensive knowledge and understanding of the complexities of accounting for this unique market. Donna is a guest speaker on financial and government contracting topics for industry associations and a featured speaker for Aronson LLC. Donna earned her bachelor's degree in accounting from the University of Maryland and has completed additional coursework in contracts administration.

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