I was honored to be interviewed today by Connie Fuksa, a successful entrepreneur herself, on her Facebook Live. Amazing what we fit into just a half hour -- networking, retreats, team development, government contracting, public speaking, and even a funny story about when I was a stay at home mom trying to be professional! #entrepreneurship #publicspeaking #workingathome … Continue reading Entrepreneurship Interview with Connie Fuksa
As a business, you have two choices… hunker down and wait for it to pass and hopefully go back to your business as usual or you can look at a crisis as an opportunity to adjust and gasp… maybe even thrive and improve!
The direct labor rate is the cost of the labor of your employee per hour. It is derived by taking the total number of hours paid in a year and dividing it into the total amount paid to the employee. In most cases, the number of hours paid is 2080.
A wrap rate is a simple way to calculate what rate you can charge to the government under a Cost Plus Fixed Fee or Cost Reimbursable contract. The way you calculate the rate you can charge is typically done this way assuming these are the salaries and indirect rates for your company: Salary: $50,000 Direct… Continue reading What is a Wrap Rate and How Can It Make Pricing Proposals Easier?
The FAR clause 31.201-1 reads, “The total cost, including standard costs properly adjusted for applicable variances, of a contract is the sum of the direct and indirect costs allocable to the contract, incurred or to be incurred, plus any allocable cost of money pursuant to 31.205-10, less any allocable credits. In ascertaining what constitutes a cost,… Continue reading What is the difference between a Direct Cost and an Indirect Cost?