Difference between revisions of "Billing Rate"
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Revision as of 15:04, 31 January 2017
Contents |
Definition
“Billing rate,” means an indirect cost rate—
- (1) Established temporarily for interim reimbursement of incurred indirect costs; and
- (2) Adjusted as necessary pending establishment of final indirect cost rates.[1]
Purpose
Establishing billing rates provides a method for interim reimbursement of indirect costs at estimated rates subject to adjustment during contract performance and at the time the final indirect cost rates are established.[2]
