LeighHar Posted October 6, 2022 Report Share Posted October 6, 2022 Hello all, for reporting requirements of fixed price service contracts, how do you report on number of direct labor hours expended? Do you keep track of actual hours expended and report on that or do you use the estimated hours that were utilized to develop your proposal and subsequently accepted by the government as per the fixed price final price in your contract? Link to comment Share on other sites More sharing options...
joel hoffman Posted October 6, 2022 Report Share Posted October 6, 2022 1 hour ago, LeighHar said: how do you report on number of direct labor hours expended? You report the number of direct labor hours expended… Link to comment Share on other sites More sharing options...
Neil Roberts Posted October 6, 2022 Report Share Posted October 6, 2022 2 hours ago, LeighHar said: ...how do you report on number of direct labor hours expended? Do you keep track of actual hours expended... yes, you "keep track" of actual hours expended as required by your accounting system. Link to comment Share on other sites More sharing options...
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