Procurement University

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This is session 6 of 9 in the Procurement University webinar series.

Indirect Costs refer to the cost associated with running the business and supporting direct projects, but cannot themselves be defined as direct costs (e.g. finance, legal, facilities, IT, fringe benefits). The Federal Government allows for reimbursement of these costs and contractors have flexibility in how their indirect costs are structured and applied to direct contract costs. Throughout the contract life cycle and fiscal year, there are several types of indirect rate calculations used. In this program, you will learn about indirect rate structures, the Forward Pricing Rate Proposal (FPRP), DCAA’s FPRP Checklist, billing rates and the final indirect cost rate proposal process.

Learning Objectives: By the end of the webinar you should be able to:

Differentiate between direct and indirect costs using real examples;
Define two-tier and three-tier rate structures;
Identify three types of G&A allocation bases;
Understand the Forward Pricing Rate Agreement process; and
Determine when an Incurred Cost Proposal (ICS) is appropriate and how it is utilized.

About Our Experts

Jon Bencivenga

Advisory, Director, CohnReznick LLP

Jon is a Director in the CohnReznick’s Government Contracting Industry practice. He has over 15 years of experience in Government Regulatory Compliance with a demonstrated history supporting the government services industry. He provides a range of advisory services for government contractors including FAR/CAS compliance, DFARS business systems, infrastructure and indirect cost rate structuring, and incurred cost proposals and forward pricing rate proposals. He also has extensive international experience including serving as an industry segment compliance manager in Seoul, South Korea and assisting clients onsite in the Middle East and South America.

Jon's areas of expertise are DFARS-Compliant Business System gap/readiness assessments and implementations, FAR & CAS compliance, Cost allowability, allocability and reasonableness, Incurred cost proposals, Cost estimating, Complex indirect rate structures, Requests for Equitable Adjustments, Accounting & Compliance Government Contracts Training.

Jon graduated from West Virginia University with a Bachelor of Science in Business Administration with a major in accounting.

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