GovCon Acronym Decoder
Government contracting runs on shorthand. Search any acronym and get a plain-English definition, when you will run into it, whether you need one, and where it comes from.
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2 of 172 terms matching "Indirect Rate"
Indirect Rate
The rates (fringe, overhead, G&A) that allocate costs you cannot charge directly to a single contract.
When you see it
In every price proposal and every cost audit.
Do you need it
You need defensible rates before you price anything cost-based.
Where it comes from
Your accounting system, tested against FAR Part 31 cost principles.
Indirect Rate
The rates (fringe, overhead, G&A) that allocate costs you cannot charge directly to a single contract.
When you see it
In every price proposal and every cost audit.
Do you need it
You need defensible rates before you price anything cost-based.
Where it comes from
Your accounting system, tested against FAR Part 31 cost principles.
Incurred Cost Submission
The annual submission of actual indirect rates and costs required on cost-reimbursement and T&M contracts.
When you see it
Six months after your fiscal year end, every year you hold covered contracts.
Do you need it
Yes if you have flexibly priced contracts. Missing it creates real contractual problems.
Where it comes from
FAR 52.216-7.
Related terms
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