Webinar: Managing Cost Type Contracts
Women Accessing Capital and Give Me 5 will present a free webinar addressing the administrative requirements associated with managing a cost type contract, compared to those required for straightforward labor hour contracts.
The webinar will be Tuesday, May 19, at 11 a.m. Eastern time.
“Many government service contractors successfully enter the government market with relatively straightforward T&M (Labor Hour) contracts.” the webinar organizers report. “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 to mitigating your risks, maximizing your cost recovery and maintaining your bottom line.”
