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Determining Overhead Rates in Government Contracts

Understand how to design and setup overhead pools and overall indirect rate structures.

Many federal contractors struggle with the design and setup of their overhead pools and overall indirect rate structure. It's design is vital in determining how much of the organization's indirect cost can be recouped on each of its contracts. This challenge impacts contractors regardless of the organization's size and tenure in the federal government contracting marketplace. Companies trying to enter the government contracting arena may be setting up a rate structure for the first time. Veteran contractors may be evaluating whether or not changes to the indirect rate structure would benefit the organization. This topic will navigate through many areas for consideration when evaluating overhead rates, including costs which are allowable vs. unallowable, common pool and allocation bases, 2 tier vs. 3 tier structure, and strategic organizational considerations.

Runtime: 90 minutes
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Indirect Rate Structure Basics

  • Direct vs. Indirect Costs
  • Indirect Cost Pools and Bases
  • 2 Tier vs. 3 Tier Rate Structure

What Costs Are Allowable vs. Unallowable

  • Allowable, Allocable and Reasonable Costs
  • Unallowable vs. Expressly Unallowable Costs
  • Penalties for Unallowable Costs

Organizational Considerations

  • Industry/Size/Location
  • Strategy
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

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This course was last revised on February 19, 2018.

Call 1-866-352-9540 for further credit information.

  • AIA 1.5
     
  • Lorman Business Center, Inc. is registered with the AIA Continuing Education System (AIA/CES). This 1.5 hour program offers 1.5 Learning Unit hours, which will be reported directly to the AIA/CES for AIA members.
     
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  • This Ondemand program is applicable for professional development hours through the Alaska State Board of Registration for Architects, Engineers and Land Surveyors. Professional development hours: 1.5. *Please check the rules and requirements in your state for compliance.
     
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  • The Louisiana Professional Engineering and Land Surveying Board (LAPELS) no longer approves providers or courses. Lorman Business Center, Inc. feels that this course is worth 1.5 PDH(s). According to LAPELS' rules, It will be the responsibility of the licensee to determine if a Course/Activity offered by an unapproved sponsor/provider is an Acceptable Activity.
     
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  • ICC 0.15
     
  • Lorman Education Services is an International Code Council Preferred Provider. This event is approved for 0.15 CEU's through ICC.
     

To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.

  • Those applying for AIA and HRCI must view 100% of the program and answer the questions following the program.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Robert Craig

Robert Craig

Capital Edge Consulting

  • Managing director, Capital Edge Consulting
  • Has nearly 30 years of experience providing accounting and compliance solutions and services related to federal government contracting
  • Specializes in the Generally Accepted Accounting Principles, Federal Acquisition Regulations and Cost Accounting Standards and has supported Government Contractors with numerous matters, including: financial accounting, mergers and acquisition due diligence, litigation and claims, cost accounting/allocation, strategic rate restructuring, contract compliance, process improvement and strategic planning as well as proposal pricing and development
  • Teaches public and in-house training classes, seminars and workshops through multiple organizations on topics relating to Contractor Business Systems, Cost Accounting Standards, Cost and Price Realism, Defective Pricing, and other cost accounting and compliance topics in government contracting
  • B.S. degree, accounting, and an M.B.A. degree, La Salle University
  • Certified Fraud Examiner (CFE)
  • Vice-Chair of the Accounting, Cost and Pricing Committee of the American Bar Association and a member of the National Contract Management Association, National Contract Management Association, National Defense Industry Association, Professional Services Council, Association of Government Accountants, and Northern Virginia Chamber of Commerce
  • Can be contacted at [email protected] or 215-285-4885
Anthony Kim

Anthony Kim

Capital Edge Consulting

  • Managing director, Capital Edge Consulting
  • Almost 20 years of experience in cost accounting and compliance issues related to federal government contracts
  • Specifically, he is knowledgeable in the areas of government contract procurement regulations, Cost Accounting Standards, Contractor’s Business System Requirements, and Auditing Standards
  • Teaches public and in-house training classes, seminars and workshops through multiple organizations on topics relating to Contractor Business Systems, Cost Accounting Standards, Indirect Rate Structures, and other cost accounting and compliance topics in government contracting
  • B.S. degree, in accounting, George Mason University
  • Member of the Institute of Management Accounting, the National Contract Management Association, and the National Defense Industry Association Contract Finance Committee
  • Can be contacted at [email protected] or 703-919-5927
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 400243
Published 2018
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