SpartanHead

let me correct that... they are descoping some of work and not terminating the contract at all. I was never happy with this contract being a FFP in the first place, it should have been a CPFF contract anyway b/c the scope was not nearly specific enough originally. But being a small company, they wanted the work as a resume builder... so they took the risk. And now they are changing the SOW. I was just more concerned with the actual incurred cost and if i should use what we bid or what was actual cost. Thanks!

Thanks for the reply. The change im SOW is they are terminating the current scope and going in a different direction on the same contract. The net value of the contract is not going to change at all b/c the customer only has X amount of dollars for the project, but i still have to fill out the FAR 15-2 table.

We have a change in SOW and need to show what our incurred costs are currently. The problem is my account group screwed up (we are a very small company) and when i pull the report for costs, none of the indirect costs are coming in. So in figuring out the total incurred costs, do I use the direct labor rates we proposed or the actual rates of the performers? (IE joe smith was bid at $100, but joe smith got a raise and makes $102) and do I use the indirect rates we bid with to burden the direct costs or the actual indirect rates? It would be simple if this was a Cost plus contract but with it being FFP im not 100% sure.

Whynot had the correct answer. Thanks again!

We are the prime and the contract is CPAF. SubK is CPAF also. Thanks for the replies, all.

I just started working with a new company and I think they are applying their subK burden wrong. They are only applying the G&A cost on the subK burden costs and not the actual subcontract costs also. Isn't it allowable to apply G&A ontop of the SubK costs+ the SubK burden costs? example SubK total cost $100 SubK burden 5% = $5 G&A 10% What should the total cost be? I think it should be $115.5