The presentation will provide an overview of what a contractor should know about subcontracting: subcontract selection, subcontracting requirements, and the responsibilities of the prime contractor. The applicable FAR requirements will be discussed as well as the business systems involved with monitoring subcontracts. Participants will learn what information is required to be submitted with the annual incurred cost submission and what the subcontractor will need to provide to the prime. Finally, common deficiencies and frequently asked questions will be provided.
Also, the presentation will provide an overview of provisional billing rates (PBR). The purpose of PBR’s will be discussed along with the procedures for establishing the rates. Participants will learn when the PBR’s should be submitted and the types of information that should be included in the PBR proposal. The importance of billing rate monitoring will be emphasized along with common deficiencies that can occur when utilizing provisional rates. The presentation will also cover example procedures that DCAA may perform when reviewing the rates.