How to close FFP with ODC & Travel
Posted 28 April 2012 - 09:23 AM
I saw that there was a similar topic, but it didn't have to do with closeout. I have a $7million commercial FFP contract with a CLIN to reimburse travel costs as an NTE for $105K and an ODC (reimbursable costs) CLIN as an NTE for $250K. When it comes to closeout, am I bound by the FAR timeline for FFP (6months) or Cost (36 months) seeing that there are cost clins? I've been told that if there is anything to do with cost reimbursement you treat it like a cost type contract. Just seems like small money compared to the overall contract to keep it open for so long because we don't have rates settled for the year the costs were incurred.
Thanks for the help.
Posted 28 April 2012 - 02:23 PM
Posted 28 April 2012 - 04:02 PM
Just seems like small money compared to the overall contract to keep it open for so long because we don't have rates settled for the year the costs were incurred.
You're waiting for rates? Have you read FAR 42.708?
Posted 30 April 2012 - 07:49 AM
Posted 01 May 2012 - 07:22 AM
Posted 01 May 2012 - 06:06 PM
Posted 02 May 2012 - 07:01 AM
I should have said direct cost-only to be perfectly clear. I made the same point you did in an offeror question and received the same kind of answer I wrote, when I should have known better. In that case, travel was just another ODC, and the "D" covered "direct," so cost-only ODCs by definition excluded indirect costs that would otherwise be allocable to those direct costs.
What do you mean by cost-only? The cost to the contractor is the direct cost of an expenditure plus any indirect costs attracted to a contract by that direct cost.
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