CPRsue

Sorry for setting off such a firestorm ...really expected this to be any easy question and answer, and just looking for clarification. The contract was PROPOSED using labor categories AT hourly rates for computation of total costs. The Contract does not stipulate hourly rates/labor categories for billing only outlines total costs in a whole dollar amount and fixed fee in a whole dollar amount. However, rates/labor categories/hours are required in a monthly financial report prepared for the customer. Again, I will try to make it clearer what I am trying to ask ... an employee is salary exem

I am the owner of a small woman-owned HubZone company... and new to the forum ... We currently have an IDIQ base contract w/reqirements placed via task orders for (2) CPFF tasks and (1) CPFF completion type task. All the tasks are based upon proposed rates by labor category and represented in an hourly dollar amount. My question is what is the proper way to calculate the hours and appropriate cost for a salaried exempt employee who may work more than 40 hours in a week? For example a proposed labor category of Sr Computer Engineer at $40 per hour based upon 40 hrs a week ...if that employee