Jennifer Eubanks recently authored the council post, GovCon 101: What Contractors Need To Know About Indirect Rates
In the first article of this series of articles related to selling to the federal government, I discussed federal acquisition regulations (FAR), cost accounting standards (CAS) and the types of contracts issued by government agencies.
In the second article, I expanded on cost accounting principles and introduced concepts of direct and indirect costs. In this article, we’ll discuss indirect rates and rate structures in more detail. As a reminder, an indirect cost is one that cannot easily be allocated to a single contract or cost objective.