Search the Community
Showing results for tags 'rate'.
Found 1 result
CPRsue posted a topic in Contract AdministrationI 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 works 60 hrs in a week the gross wages are $1600. Should the task be billed for 60 hour or 40 hours? should the task be charged at the $40 rate or is it the gross wages divided by the # of hours in essence reducing that $40 rate? Also, what if the employees actual is only $1520 ... is the billed amount at the proposed rate of $40 or is it once again the actual grosss wges divided by the number of hours actually worked? Someone please help clarify ... I apologize in advance for what seems like a very simple Contracting 101 type question, but a recent COR change has us now second guessing ourselves and past procedures...