negotiates and issues federally recognized indirect cost rate agreements on behalf of the Department of Interior and other cognizant federal agencies. We also performs incurred cost and contract related audit services on behalf of other federal agencies who award flexibly priced contracts to federal contractors.
IBC performs contract audit services to non-DoD federal agencies. We perform audits of claimed costs incurred and submitted by contractors for reimbursement under flexibly priced contracts. These audits will determine if the costs are acceptable in accordance with contract terms, Federal Acquisition Regulation (FAR), Uniform Guidance (UG) and Cost Accounting Standard (CAS) rules and regulations.
We serve the federal financial assistance grants and acquisition contracts community. We negotiate with organizations that receive the majority of their federal funding from the Department of the Interior, or are designated by OMB to negotiate with the Department of the Interior, such as insular areas and tribal governments. We review, negotiate and approve (or countersign) indirect rate agreements for non-federal entities on behalf of our client agencies to ensure the United States government pays indirect or incurred costs that are legally reasonable, allocable, and allowable.
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