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Eichleay Formula is an accounting mechanism – seldom understanding that the Armed Services Board of Contract Appeals created this “formula” as an estimating tool, not an accounting method. This webinar examines the traditional Eichleay Formula from all three viewpoints to identify the problems and offer recommendations for alleviating them.
Live Webinar on May 18, 2023
Calculating Home Office Overhead – Problems When Using the Eichleay Formula
James G. Zack | 01:00 pm EDT | 01hr 30min
Few Seats Left!
https://click.info.virtualedelivery.com/?qs=641d25938b7e4c07e7a05441d4869ac83b061ce7422f353342e6665eb69162a9605a26df8a5bfcf2de0a6d5b7f5e85e060d8dc4de492406a
Save Your Spot Today
What You’ll Learn Here:
- Typical cost elements of Home Office Overhead (HOOH).
- How is HOOH typically recovered?
- What is the Eichleay Formula?
- How the Eichleay Formula operates.
- History of the formula.
- Potential problems with using the Eichleay Formula to price delay from the viewpoint of the accountant/auditor, the owner, and the contractor.
- Potential remedies include.
- Some ways to prohibit recovery.
- Ways to change the rules concerning HOOH recovery.
- Creation of a mid-course HOOH recovery method.
- Bid daily delay cost.
Why Should You Attend:
- The webinar provides attendees with a better understanding of the Eichleay Formula, including its weaknesses and flaws from the perspectives of the accountant/auditor, the contractor, and the owner.
- The webinar also offers attendees some different alternatives to the Eichleay Formula that may be employed through incorporation in the contract documents prior to bidding.
For any assistance, you can contact us at 1-800-779-0757 or e-mail us at support@onlineaudioconference.com.
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