Good News for 2015 DCAA Provides Standard Procedures to Establish Provisional Billing Rates

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The Defense Contract Audit Agency (DCAA) released a memorandum for regional directors (MRD) in June 2014 to provide guidance on establishing provisional billing rates. The MRD aligns DCAA’s procedures with FAR 42.704 requirements and clarifies the individual responsible for establishing provisional billing rates and the timeliness of establishing provisional billing rates. There are two major points of discussion in the MRD.

First the person who is responsible for establishing your final indirect cost rate is also responsible for establishing your organization’s provisional billing rates. The responsible party may either be the ACO (or CO in the absence …read more

Read more here:: Government Contracting

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