Engineering & Professional Services Training Series - Maximizing Indirect Cost Recovery

The Boulder SBDC is hosting a special series of workshops for professional services firms in the construction industry. Thanks to sponsorship from Connect2DOT, this workshop is free to attend for qualified businesses (must be a professional service firm in the construction industry). One of the most important and distinctive characteristics of pricing for government contracts is the use of Indirect Cost (IDC) rates. This workshop will discuss the definition, value and details of IDCs and policies that have a major impact on your profitability. The conversation will include the types of IDC bases and rates, the components and calculation of an IDC rate, how to determine the appropriate rate that should be used on a project, allowable and unallowable costs, and how a firm’s business and accounting policies affect their rate. It will also cover common questions & potential pitfalls related to IDC once a project is awarded.

Speaker(s): Dan Markham, CPA Markham & Associates

Co-Sponsor(s): Connect2DOT

Benefits • Develop a better understanding of FAR compliant rate calculations • Learn how to establish business and accounting policies that maximize your IDC • Ensure that you are tracking allowable and unallowable costs correctly • Understand the effect that tax planning has on the indirect rate • Learn from examples about how your policies can affect your rate The Colorado Small Business Development Center Network is partially funded by the U.S. Small Business Administration (SBA.) The support given by the SBA through such funding does not constitute an expressed or implied endorsement of any of the co-sponsors' or participants' opinions, products or services. The Colorado SBDC is a partnership between the Colorado Office of Economic Development and International Trade, the SBA, Colorado's institutions of higher education and local development organizations.

Fee: No Cost