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TNCONCPA

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About TNCONCPA

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  1. Vern, THANK YOU. Makes sense and I will follow your advice on all things consulting and the book. We have used consultants, just maybe not the right ones. I continually get back vague answers when I'm seeking a straight forward solution to my problem, with examples. And yes we are paying these folks. Again, just finding the right ones is a tall order. I appreciate the help. TN CON
  2. H2H, Firstly, your post #15 doesn't address my original post/question. You were responding to someone else who posted details of their contract operating at a loss (I think Sharris). Secondly, of course most people here are out their depth. I have a multitude of credentials and experience. But nowhere in higher education/accounting credentials is a single class on FAR or DCAA that I know of unless you KNOW you're going into the field and maybe then..??. That said, most of us on the board are lost or learning. MBA, CPA etc. or not. It's something you consult with others (which we have, and it
  3. I believe I have received an answer through all of the reply threads. Thank you all. Another question while we're on the subject as this seems to have drawn some attention: Our standard practice is 10 PTO days and 10 Holidays, for 1920 billable hours. Our new T&M contract, the employees all require 15 PTO days and 10 Holidays, for 1880 billable hours. (Long story, but we are given the BNRs and basically bend to their demands to win the position). However, when building the price for each employee (each is their own task order) our Fringe rate is not meant for people that are only billabl
  4. Hello, My company has a BPA with FFP labor rates. The 'Calls' to follow have not said T&M or FFP; However the Contracting Officer says these are T&M/Labor hour Task Orders; We'll deal with that separately, My questions are pretty general regarding normal practice on T&M contracts, because this will now change how we price in the future (we've been pricing them per month, FFP). 1. Let's say the employee has 15 days of PTO and 10 Holidays for a total of 200 hours paid off. This leaves 1880 billable hours, very standard. However, with T&M contracts and option years...what if this
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