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Showing results for tags 'approved vs actual rates'.
Good morning, I am new to WIFCON and managing my company's first prime contract, which is CPFF for engineering products & services. We added a new subcontractor not part of the original bid, and our FFP subcontract was approved by our ACO. In our original cost proposal we bid using our G&A as a pass-through/contract administration fee, which was accepted by the government. We have now switched to a material/subcontractor handling fee for material purchases, vendors, consultants, etc. G&A is applied only to this fee instead of the whole subcontractor price, which lowers the overal