Indirect Rates – More than Just a Math Exercise: Part One
Listen to Eric Poppe, Senior Manager in Cherry Bekaert’s Government Contracting practice and Rich Wilkinson, Director of Product Marketing at Unanet discuss the importance of indirect rates. Indirect rates are more than just a math exercise. Having rates isn’t the objective. It’s having something you can use to figure out what your costs are. This is part one of a four-part series on indirect rates that Cherry Bekaert and Unanet will explore. In this episode we discuss:
Why do government contracting firms need indirect rates?
Where do you start?
Once approved by the government, use the rates for managing projects and forecasting costs and revenue (internal) and for billing and pricing (external).
But that’s not the end. Developing rates and getting them approved is just the beginning of the cycle. In the next segment, we will discuss monitoring your rates during the year and what to do if your indirect rates aren’t what you thought they would be.
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