09 Oct 2013 11:00 : Managing Cost Type Contracts

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Many government service contractors successfully entered the government market with relatively straightforward T&M (Labor Hour) contracts. Sooner or later, however, an opportunity to bid and perform the typically larger and more complex cost reimbursement contracts will present itself. The skills required to manage T&M contracts differ markedly from the skills required to manage a cost type contract. While the statements of work may be very similar, the administrative requirements associated with managing a cost type contract greatly exceed those required for T&M work. Failure to comply with these requirements can have serious ramifications. An understanding of your obligations is essential… …read more

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Aronson LLC has been thinking ahead for its clients for more than 50 years. Aronson’s construction, real estate, government contracting, nonprofit, technology and private industry experts provide innovative audit, tax, and consulting services that help its clients move to the next level. From start-up to exit strategy, Aronson works with companies throughout the entire business lifecycle by proactively identifying opportunities and addressing challenges so that clients are able to focus on their core business. Aronson shows companies how to rethink everything to be more profitable, more competitive and better prepared for the future.

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