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This section addresses topics that will assist you with a better understanding of:
Direct Labor, Direct Materials, ODC's (Other Direct Costs), Indirect Cost and Rates, Fees and Pricing, Proposals, and more.
Federal Contractors -
Must generally pay covered workers $10.35 per hour beginning January 1, 2018
- Covered tipped employees rate increased also.
The H&W new rate is $4.41 per hour and is required in all government contract bids, or other service contracts awarded on or after August 1, 2017.