Who should attend
This course is designed for contracting and pricing personnel.
About the course
Most Federal agencies have experienced a lack of cost and pricing expertise within their contracting workforce, which leads to waste and other funding misuse. Understanding how indirect costs function will allow you greater oversight and control of your agency’s financials.
- Analyze indirect costs
- Perform an overhead rate analysis
Analysis of Indirect Costs
- Categories of Indirect Costs
- Allocation of Costs
- Effect of Different Allocation Bases
- Example of Typical Overhead Allocation
- Rate Inconsistencies Over Allocation Cycle
- Underabsorption and Overabsorption of Overhead Costs
- Eichleay Formula for Extended Overhead
- Impact of Faulty Forecasts and Other Business Changes
- Significance of the Overhead Rate
- Cost Analysis of Overhead Rates (General)
- FAR Requirements for Submission of Indirect Costs
- Analysis of Overhead Costs
- Analysis of the Basis of Allocation
- Importance of Overhead Rate Analysis
- General and Administrative Costs
- Fringe Benefits
- Off-Site Overhead
- Allowability of Costs Under Government Contracts
- Forward Pricing, Billing, and Final Indirect Rates
Burden Rate Projection
- Basic Steps in Determining Rates
- Example of Projecting Rates
- Rate Changes
- Steps in Performing Overhead Rate Analyses
Because of COVID-19, many providers are cancelling or postponing in-person programs or providing online participation options.
We are happy to help you find a suitable online alternative.