Jump to content
The Wifcon Forums and Blogs

Search the Community

Showing results for tags 'Service Contracts'.



More search options

  • Search By Tags

    Type tags separated by commas.
  • Search By Author

Content Type


Forums

  • Instructions and Terms of Use
    • Terms Of Use
    • Before You Register, Before You Post
  • Contracting Forum
    • Section 809 Panel
    • Polls
    • For Beginners Only
    • Contracting Workforce
    • Contract Award Process
    • Contract Pricing Including CAS & Allowable Costs
    • Contract Administration
    • Schedules, GWACS, MACs, IDIQs
    • Subcontracts & Subcontract Management
    • Small Business, Socioeconomic Programs
    • Proposed Law & Regulations; Legal Decisions

Blogs

  • The Wifcon Blog
  • Vern Edwards' Blog
  • Don Mansfield's Blog
  • Bob Antonio's Blog
  • NCMAExecutiveDirector's Blog
  • Professor Ralph Nash's Blog
  • Emptor Cautus' Blog
  • Centre Knowledge Blog
  • Leftbrainpro.com Answer Blog
  • SmallGovCon.com
  • Patterns of Procurement

Calendars

  • Community Calendar

Categories

  • Rules & Tools
  • Legal Opinions
  • News

Found 1 result

  1. I have recently taken over the duties as COR for a IT Service Contract. The contract is a T&M ID/IQ service contract in which T&M or FFP orders are placed in the form of task orders. There is no optional work within the task order and there is no mixed task order i.e. T&M Line Items with FFP Line Items. My question is that it has always been my experince that hours are billed in 1/4 hour increments. I have some invoices where the hours are billed fractionally: Therefore: 60 Minutes /100 =0.6 .60 of 1 Hour is 36 Minutes = $44.50 at $1.24 per Minute The contractor says by not-rounding the Government is saved money, in my opinion this is not reasonable. The additional manhours to track and then try to close this task order washout any savings by a "to the minute recording of time worked". Not to mention monthly invoice reviews. My question to the forum is: Is there anything that gives guidance regarding timekeeping recording? If so, please tell me provide the references.... Thank you in advance Steve
×