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
GovCon Accounting
Year-End Incurred Cost Submission (ICS): What GovCons Need to Know
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
Common PBR Mistakes — And How to Avoid Them
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 These mistakes are often small like using outdated data or failing to document assumptions but they can have outsized impacts on… Read More
How to Calculate Your Provisional Billing Rate (PBR), Simplified
GovCon Wednesday’s A Step-by-Step ApproachEstimated Read Time: 8 minutes If you’ve followed along with our GovCon indirect rate series, you already know what a Provisional Billing Rate (PBR) is and why it’s essential. Now let’s get into the how. PBRs aren’t just paperwork they’re a core component of your cash flow strategy. Calculating your rates accurately ensures you’re billing in line with FAR 42.704, avoiding audit flags, and recovering real costs without… Read More
What Goes Into a Provisional Billing Rate (PBR)?
GovCon Wednesday’s Breaking Down the Key Components for DCAA ComplianceEstimated Read Time: 8 minutes For government contractors operating under cost-type or Time & Materials (T&M) contracts, submitting a Provisional Billing Rate (PBR) is a key step in billing the federal government for indirect costs. But submitting a PBR isn’t just about meeting a deadline it’s about submitting a complete, accurate, and supportable proposal that aligns with expectations set by the Defense Contract Audit… Read More
Do I Need a Provisional Billing Rate (PBR)?
GovCon Wednesday’s When PBRs Are Required—And How to Get One ApprovedEstimated Read Time: 8 minutes If you’re working with the federal government on cost-reimbursable or Time & Materials (T&M) contracts, one question should come up before your first invoice is sent: Do I need a Provisional Billing Rate (PBR)? For many small and mid-sized government contractors, the answer is yes. This article Part 2 in our 10-part series explains when a… Read More