Author: Sarah Sinicki

Team 80 CEO

Sarah is a leader focused on serving small businesses in various industries. She has worked with a multitude of companies over the last 25 years and loves helping business owners find success. Sarah is genuinely committed to unburdening Team 80 clients so that they have the freedom to focus on their business. In her free time, you can find her spending time with her husband, two kids, and her Yorkies, Marley and Ziggy. When she is not helping business owners, you can find her in a Reb3l Groove class dancing it out. Sarah is also an avid Colorado Avalanche fan, so if you ever want to talk about hockey, she’s your gal.

FAR and CAS Guidelines for Government Contractors

A Practical guide to how FAR and CAS shape cost tracking, billing, and accounting systems. What Are FAR and CAS (and How Are They Different?) If you’re working on a federal government contract, FAR and CAS already influence how your accounting works, even if you’re not thinking about them directly. The Federal Acquisition Regulation (FAR) […]

Incurred Cost Proposal Guide for Government Contractors

What Is an Incurred Cost Proposal? An Incurred Cost Proposal (ICP) is an annual submission required from many government contractors that perform work under flexibly priced contracts. The proposal reports the contractor’s actual costs incurred during the fiscal year and is used to establish final indirect cost rates for that period. Throughout the year, contractors […]

Firm-Fixed Price (FFP) Accounting Guide for Government Contractors

What Is a Firm-Fixed Price Contract? A firm-fixed price (FFP) contract establishes a price for a defined scope of work when the contract is awarded. That price is not subject to adjustment based on the contractor’s cost experience during contract performance unless a formal contract modification changes the terms. Instead of reimbursing actual costs, the […]

CPFF Contract Accounting Guide for Government Contractors

What Makes CPFF Contract Accounting Different CPFF Contract Basics A Cost-Plus-Fixed-Fee (CPFF) contract is a cost-reimbursement contract in which the government reimburses allowable costs and pays a fixed fee negotiated at the start of the contract. The fee doesn’t change based on actual costs, though it can change if the scope of work changes. CPFF […]

Time & Materials (T&M) Accounting Guide for Government Contractors

What is a Time & Materials Contract? Basic Structure A Time & Materials (T&M) contract is used when the government can’t precisely estimate the extent or duration of work at the time of award. Instead of purchasing a defined outcome for a fixed amount, the government purchases labor effort and materials as needed. Under FAR […]