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Archives for October 2025

Can I Update My PBR During the Year?

October 29, 2025 by Vik Singh

Revising Provisional Billing Rates (PBR) mid-year under FAR 42.704 to reflect material changes in indirect cost pools.

GovCon Wednesday’s A Guide for Government Contractors Managing ChangeEstimated Read Time: 8 minutes If you’re a government contractor working under cost-type or T&M contracts, your indirect costs rarely stay the same from January to December. New hires, infrastructure upgrades, and evolving fringe benefits can all disrupt your original cost assumptions. The good news? Your Provisional Billing Rate (PBR) isn’t set in stone. In this article Part 9 of VSINGH CPA’s… Read More

Filed Under: PBR Tagged With: Billing Rate Revision, Cost Allocation, DCAA Compliance, FAR 42.704, GovCon Accounting, Government Contracting, Indirect Rates, Mid-Year Adjustments, PBR Updates, Provisional Billing Rates

Year-End Incurred Cost Submission (ICS): What GovCons Need to Know

October 22, 2025 by Vik Singh

DCAA Incurred Cost Submission (ICS) reconciliation of actual indirect rates vs provisional billing rates under FAR 52.216-7.

GovCon Wednesday’s Your Guide to Wrapping Up the Fiscal Year RightEstimated Read Time: 8 minutes You’ve used Provisional Billing Rates (PBRs) to recover indirect costs throughout the year but now it’s time to settle up. The Incurred Cost Submission (ICS) is where estimates meet reality. In Part 8 of VSINGH CPA’s 10-part series, we walk through what the ICS is, why it’s critical for federal contractors, and how accurate PBRs can make… Read More

Filed Under: PBR Tagged With: DCAA Compliance, FAR 52.216-7, Final Billing Rates, GovCon Accounting, Government Contracting, ICS GovCon, Incurred Cost Submission, Indirect Rates, PBR True-Up, Provisional Billing Rates, Year-End Closeout

How PBRs Impact Invoicing and Cash Flow

October 15, 2025 by Vik Singh

Impact of Provisional Billing Rates (PBR) on government contract invoicing and business cash flow according to FAR 42.704.

GovCon Wednesday’s Ensuring Steady Cash Flow Through Accurate InvoicingEstimated Read Time: 8 minutes For government contractors navigating cost-type or T&M contracts, nothing disrupts operations faster than delayed reimbursements. And when indirect costs fringe, overhead, G&A go unbilled, it’s often because a Provisional Billing Rate (PBR) isn’t in place or properly applied. This article Part 7 in VSINGH CPA’s 10-part series on indirect rate strategy explores the real-world impact of PBRs… Read More

Filed Under: PBR Tagged With: Billing Delays, Cost Type Contracts, DCAA Compliance, FAR 42.704, GovCon Invoicing, Government Contracting, Indirect Rates, PBR Cash Flow, Provisional Billing Rates, T&M Contracts

Common PBR Mistakes — And How to Avoid Them

October 8, 2025 by Vik Singh

Common DCAA Provisional Billing Rate (PBR) mistakes including unallowable costs, outdated data, and missing FAR 42.704 documentation.

GovCon Wednesday’s A Guide for GovCons Focused on DCAA ComplianceEstimated Read Time: 8 minutes Submitting your Provisional Billing Rate (PBR) isn’t the final compliance hurdle—it’s just the beginning. Many government contractors make avoidable errors in their PBR submissions that lead to billing delays, audit complications, or even rejected invoices. These mistakes are often small like using outdated data or failing to document assumptions but they can have outsized impacts on… Read More

Filed Under: PBR Tagged With: Audit Findings, Billing Errors, Compliance Risk, DCAA Compliance, FAR 42.704, GovCon Accounting, Government Contracting, Indirect Rates, PBR Mistakes, Provisional Billing Rates

What Happens After You Submit Your Provisional Billing Rate (PBR)?

October 1, 2025 by Vik Singh

DCAA audit review process for Provisional Billing Rate (PBR) submissions showing evaluation of indirect rate reasonableness under FAR 42.704.

GovCon Wednesday’s Understanding the DCAA Review ProcessEstimated Read Time: 8 minutes Submitting your Provisional Billing Rate (PBR) is a major milestone but it’s not the finish line. Many government contractors assume the hard part is over once the proposal is submitted. In reality, the post-submission phase can determine whether your rate is approved quickly, delayed for weeks, or adjusted in a way that affects your margins. This article Part 5… Read More

Filed Under: PBR Tagged With: Audit Readiness, Billing Rate Proposal, DCAA Audit, DCAA Review Process, FAR 42.704, GovCon Compliance, Government Contracting, Indirect Rates, PBR Approval, Provisional Billing Rates

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