Labor is the number one cost for most A/E firms ... and often the least, most poorly documented.

Whether labor is direct, allowable indirect, or unallowable indirect, the challenge of documentation is compounded by reporting policies chosen not for their effectiveness, but because of financial management software requirements, a consultant’s preference, or no other reason than “that’s the way we've always done it.”

Join Wayne Owens to get proactive in your labor policies and make updates that will potentially increase your compensation on government contracts. You'll also learn:

• Compensation/time reporting policies the government expects firms to develop
• How your firm’s labor allocation policy affect your overhead and contracting practices
• Time reporting policies that will maximize your firm’s overhead rate while meeting compliance requirements
• How a client’s contracting policies will effect on your firm’s labor policies