Overview

T&M contracts continue to be a source of confusion in terms of how to compute the costs which become the basis for the price of the “T” component (labor hours).   Added to that the compliance risks during contract performance, not the least of which is ensuring that labor hours meet contractual qualifications (thus billable per the contract schedule).   Not to be overlooked, the restrictions in FAR related to pricing and invoicing prime contractor, subcontractor and inter company labor/costs. In discussing costs vis-à-vis the contract “T” rates, will also cover UCOT (Uncompensated Overtime).

Learning Objectives

After completing this 1 hour webinar, participants will be able to:

  • Identify the FAR provisions which apply to T&M contract invoicing and payments
  • Identify the FAR provision which defines UCOT in application to T&M contracts
  • Locate and obtain DCAA audit policies applicable to T&M contracts and UCOT

Perform profit/risk analysis related to T&M contracts’ data included in the annual Incurred Cost Proposal (ICP) 

Program Content

During the seminar, your faculty will discuss the following:

  • T&M Contract clauses before and after February 2007
  • FAR 52.237-10 as revised January 29, 2015
  • T&M cost estimating strategies and techniques
  • T&M cost and billing data included in Schedules H and K of an annual ICP
  • Why all the fuss about “UCOT” (uncompensated overtime)
  • Mapping employees to the labor (“T”) categories
  • Subcontractor labor treated as “T” or “M”?
  • Audit and FCA (False Claims Act) risks

For more information, contact:

Lori Beth Moses, 
lmoses@RedstoneGCI.com
256-704-9811

Redstone Government Consulting, Inc.
501 Madison Street SE, Suite 100
Huntsville, AL  35801
Website: www.redstonegci.com