Posted on 09/07/2015 7:06:50 AM PDT by BenLurkin
One more thing, and I find it amusing, all of the bureaucrats just say their budgets decrease by some number greater than 1/260. Not much alone but we are talking the Federal government here this stunt will cost $16.25 billion.
You are correct only if the customer actually has additional money. In my 30 years of experience as a contractor no customer ever had more money. We had to eat every overrun.
Why do these cheery stories leave out the source of the cash payments, lavishly disappearing to advance fundamental transformation? TAXPAYERS foot the bill for Obama’s every thought and action.
Taxes seem to be the only tool we have left. Congress will not close the purse on Bark, and neither do we.
I am sorry but you are wrong. A fixed rate or firm fixed price contract is based on DCCA rules. The dollar amount is never truly fixed like in the Private sector.
The actual money always varies.
That said it must stand up to audit. I will tell you from experience these annual audits are no fun.
Yes and no. Yes if the customer has reached its limit for a specific contract. No because it gets rolled over to the next contract in the fee schedule.
It is simply part of the game.
My work group has a similar situation. We are the experts in our field. Force us out and you have no fallback.
——This is a political stunt——
actually, it is a tax, a tax on employers.
since it is not authorized by congress, it is illegal
“Sorry but you are wrong. The way DCCA accounting rules work contractors can go back and get more money.”
There are accounting rules and then there’s the details of the contract you signed. One of the contracting managers I knew has a sign on her desk. “Knowledge is what you gain by reading the contract. Experience is what you gain when you don’t.” So, it depends on the contract you signed. Companies I’ve worked for have been on both the knowledge and experience side of the equation. While what I wrote is not 100% true in all cases; nor is it 100% wrong. In the end, what did your company sign up to? Hopefully, if they’re on the experience side of the equation, they’ll survive to the next negotiation.
However, in the end, no matter how you look at it, Obama increased costs to the government. (Meaning taxpayers will pay for a benefit they mostly won’t get to use themselves.)
My company accrues sick leave and paid vacation as a percentage of hours worked. There is a hard limit. At the limit, you don’t get any more hours accrued. The behavior that promotes is taking time off when the limit is reached to dodged being “shorted” compensation. It happens at the most Inconvenient times when “crunch time” hits for a deadline.
So true. Anyone who deals with contractor agencied knows that any requirement of the employer gets charged right back to them. When I worked at MSFT they decided to start charging contractors for their onsite workspace. Guess who ended up pay for that? MSFT paid for it.
Companies that provide contractors are in it to make money, Anything a public or private company decides to require of these agencies gets passed one way or another right back to the company. It’s a big shell game.
Obama makes these decrees and they are utterly meaningless. As people pay less attention to him, he will do more of them trying to convince people he is really and truly on their side. Doesn’t matter, he is not on the ballot anymore.
LOL. Exactly.
Old 0bama had a pen. Me-I-Me-I, Oh! With an edict here and a fiat there; here a decree, there a mandate......
Like unions, they corrupt everything they touch.
The contract is important but it sounds like your contracts person got bluffed.
It always comes back to “defective bidding”. Under the DCCA rules if your company bid and won a contract with a lower overhead than is proper, that is a defective bid.
The real labor rates are almost never challenged because they are so easy to calculate. Ditto with G&A.
The real fun starts with allowable overhead. Obama’s little stroke of the pen just increased the allowable overhead by 0.385%.
When you add in all of the other junk he has added, sensitivity training (many forms), allowable, remodeling for transgender bathrooms, allowable, energy LEEDS compliance, allowable, etc. the money really adds up for absolutely no value to the tax payer. But to be compliant and keep the contract it must be done.
In fact this opens the door to renegotiate existing contracts.
He’s a hard core marxist. We anticipated he would become more reckless toward the end of his term. We’re in for a roller coaster until this piece of trash and his freeloading family is out of the white hut.
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