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Reporting fixed price contract hours under FAR 52.204-14 and 15, Service Contract Reporting Requirements


LeighHar

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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?  

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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…

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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.

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