NF 533 Reporting

NF 533 Reporting

NF 533 Reporting

NF 533 Reporting

NF 533 Reporting

March 6, 2014

Purpose of the NF 533 Series of Reports

• NF 533 data is used by NASA to manage and control cost and schedule for a project/program

• Data on the NASA 533 series of reports is used to:– Enable management to project both project/program costs

and hours to ensure dollar and labor resources realistically support the project/program schedule.

– Evaluate contractor cost performance– Plan and monitor project/program resources– Establish the basis to record cost into the NASA accounting

system (SAP) which establishes a liability for the Federal Government.

2

• Other uses:– Performing PEB Analysis– Developing historical cost and trend analysis– Performing work force analysis– Developing in-house cost estimates

Purpose of the NF 533 Series of Reports

3

NF 533 Series of Reports

• The NF 533 series of reports is the official set of cost reporting documents NASA requires for cost type and fixed price incentive contracts meeting specified dollar and performance-period criteria.

• NF 533 reports are completed by the contractor in a form specified by the Government

• Within the NASA Form (NF) 533 reporting system, two reports are used:– NASA Form 533M, and– NASA Form 533Q

• The requirements for NF 533 reporting are set forth in NPR 9501.2E and NPD 9501.1I

4

The NF 533 Reports

5

NF 533Q Overview

• The NF 533Q is a quarterly projection report which details and summarizes cost and labor hour estimates over the life of the contract

• If NF 533Q’s are required for task-order contracts, task baseline data is summarized in an initial time-phased NF 533Q

• The contractor submits the initial NF 533Q to the Government within 30 working days after contract award – Reflects the original contract value in terms of the

negotiated reporting categories• Subsequent NF 533Qs are due by the 15th of the month

prior to the first day of the quarter being reported

6

NF 533Q

PAGE ______ OF ______ PAGES

Quarterly Contractor Financial Management ReportForm Approved

O.M.B. No. 2700-0003

2. REPORT FOR QUARTER BEGINNING

TO: FROM: 3. CONTRACT VALUE

a. COST

4. FUND LIMITATION

b. FEE

5. BILLING

b. TOTAL PYTS

1. DESCRIPTION OF CONTRACT

a. TYPE

c. SCOPE OF WORK

b. CONTRACT NO. AND LATEST DEFINITIZED MODIFICATION NO.

d. AUTH. CONTR. REP. DATE

7. COST INCURRED/ HOURS WORKED 8. ESTIMATED COST/HOURS TO COMPLETE

CON-

TRACTOR

ESTIMATE

CONTRACT

VALUE

11. UN-

FILLED

ORDERS

OUT-

STANDING

9. ESTIMATED FINAL

COST/HOURS

6. REPORTING CATEGORY

CUMULATIVE

ACTUAL

THROUGH

PRIOR

MONTH

2/28/05

CURRENT

MONTH

ESTIMATE

3/05

CUMULATIVE

ESTIMATE

TO DATE

3/31/05

MONTH MONTH MONTH

FY05

1st QTR

FY06

2nd QTR

FY06

BALANCE OF FY06

NEXT

FISCAL YEAR

FY07

BALANCE

OF

CONTRACT

TOTAL

TO

COMPLETE

10. ESTI-

MATED

COM-

PLETION

DATE

a. b. c. d. e. f. g. h. i. j.a. b. c. a. b.

APRIL-SEPT

NASA FORM 533Q (JUL 84)

$

$ $

$

(Signature)

NASA Goddard Space Flight Center Greenbelt, MD 20771

Cost-Plus-Fixed Fee

GSFC Health Unit

XYZ Corporation

4/1/05 - 6/30/05

7,422,005

1,200,000

445,320

a. INVOICE AMTS. $ 982,837 Inv #427 743,321

NAS5-33333 Mod. #12

3/15/05

Direct Labor Hours (Reg & OT)

-Prime

-WFF Physician

-EAP Counselor

Total Direct Labor Hours

Direct Labor Cost (Reg & OT)

- Overhead @ 32.48%

Subtotal Costs

Other Direct Costs (ODCs):

Government-Directed ODCs

Off-Site Physicals

Recruiting

Malpractice Insurance

Subcontract/Consultants

Answ. Service/Beeper

Other Support Services

Total ODCs

Subtotal Costs

G&A Expenses @3.00%

Subtotal Costs

Fixed Fee @6.00%

Total CPFF

25,807

511

655

26,973

3,630

65

83

3,778

29,437

576

738

30,751

4,250

77

618

4,945

4,250

77

618

4,945

4,453

81

648

5,182

10,694

195

250

11,139

10,694

195

250

11,139

10,694

195

250

11,139

10,694

195

250

11,139

42,776

780

1,000

44,556

85,552

1,560

2,000

89,112

184,057

3,355

5,884

193,296

213,494

3,931

6,622

224,047

213,880

3,900

5,000

222,780

$550,192

178,703

$728,895

$62,971

20,453

$83,424

$613,163

199,156

$812,319

$77,782

25,264

$103,046

$77,782

25,264

$103,046

$81,486

26,467

$107,953

$203,792

66,192

$269,984

$203,792

66,192

$269,984

$203,792

66,192

$269,984

$203,792

66,192

$269,984

$843,784

274,061

$1,117,845

$1,777,073

577,194

$2,354,267

$3,673,076

1,193,018

$4,866,093

$4,286,239

1,392,174

$5,678,412

$4,227,674

1,373,150

$5,600,824

59,894

2,800

1,191

14,152

51,842

0

11,032

$140,910

7,608

1,329

292

1,183

10,578

0

1,613

$22,593

67,502

4,129

1,483

15,325

62,419

0

12,645

$163,503

5,000

686

350

1,360

6,148

0

1,300

$14,844

5,000

686

350

1,360

6,148

0

1,300

$14,844

5,200

785

450

1,360

7,400

0

1,566

$16,761

28,969

4,303

919

3,695

15,152

0

7,854

$60,892

28,969

4,303

919

3,695

15,152

0

7,854

$60,892

28,969

4,303

919

3,695

15,152

0

7,854

$60,892

28,969

4,303

919

3,695

15,152

0

7,854

$60,892

121,129

18,010

3,875

15,520

63,740

735

32,830

$255,739

258,988

38,570

8,300

33,400

136,976

1,591

70,155

$547,980

511,193

75,986

17,251

67,780

280,920

2,326

138,517

$1,093,973

578,695

80,115

18,734

83,105

343,339

2,326

151,162

$1,257,476

608,158

89,740

19,350

77,777

318,942

3,686

153,750

$1,271,403

$869,805

60,477

$930,282

54,960

$985,242

$106,017

8,481

$114,498

6,870

$121,368

$975,822

68,958

$1,044,780

61,830

$1,106,610

$117,890

9,431

$127,321

6,870

$134,191

$118,127

9,450

$127,577

6,870

$134,447

$124,714

9,977

$134,691

6,870

$141,561

$330,876

26,484

$357,360

21,452

$378,812

$330,876

26,484

$357,360

21,452

$378,812

$330,876

26,484

$357,360

21,452

$378,812

$330,876

26,484

$357,360

21,452

$378,812

$1,373,584

109,887

$1,483,471

89,008

$1,572,479

$2,902,247

232,180

$3,134,427

188,066

$3,322,493

$5,960,066

476,861

$6,436,927

383,492

$6,820,419

$6,935,888

545,819

7,481,707

445,322

$7,927,029

$6,872,227

549,778

$7,422,005

445,320

$7,867,325

APRIL MAY JUNEJULY-SEPT

OCT-DEC

JAN-MARCH

4th QTR

7

Mod #23

NF 533M Overview

• The NF 533M is a monthly report which provides data on planned and actual costs and labor hours, short-term cost projections, estimates to complete, and contract values.

• Documentation of analyses is done using Form 210-49, 533 Analysis and Record of Actions Taken

8

49

9

• 533M reports are due from the contractor no later than 10 operating days after the closing of the contractor’s accounting period.

533M Reporting Requirements

FEBRUARY

Su M T W Th F Sa

MARCH

Su M T W Th F Sa

Last day of contractor’s

accounting period

533M due to Government

10

NF 533M

NASA FORM 533M (JUL 84)

Baseline Plan Identification (Col. 7b & 7d): Revision No. ___12_____________, Dated _________________.

PAGE _______ OF _______ PAGES

ACTUAL PLANNEDACTUAL PLANNED

a. b. c. d. a. b.

Monthly Contractor Financial Management Report Form ApprovedO.M.B. No. 2700-00003

2. REPORT FOR MONTH ENDING AND NUMBER OF OPERATING

DAYS

TO:FROM:

3. CONTRACT VALUE

a. TYPE

c. SCOPE OF WORK

b. CONTRACT NO. AND LATEST DEFINITIZED MODIFICATION NO.

d. AUTH. CONTR. REP. (Signature) DATE

7. COST INCURRED/HOURS WORKED

DURING MONTH DETAIL

8. ESTIMATED COST/HOURS TO COMPLETE

CUM. TO DATE

6. REPORTING CATEGORY

a. b.

a. COSTS

5. BILLING

9. ESTIMATED FINALCOST/HOURS

$

b. FEE

$

a. INVOICE AMTS. BILLED

$ 982,837 Inv # 427

B. TOTAL PYTS REC'D.

$

4. FUND LIMITATION

$$

CONTRACTOR ESTIMATE

10. UNFILLED ORDERS

OUTSTANDING

Direct Labor Hours (Reg & OT)

-Prime

-WFF Physician

-EAP Counselor

Total Direct Labor Hours

Direct Labor Cost (Reg & OT )

- Overhead @ 32.48%

Subtotal Costs

Other Direct Costs (ODCs):

Government-Directed ODCs

Off-Site Physicals

Recruiting

Malpractice Insurance

Subcontract/Consultants

Answ. Service/Beeper

Other Support Services

Total ODCs

Subtotal Costs

G&A Expenses @3.00%

Subtotal Costs

Fixed Fee @6.00%

Total CPFF

1. DESCRIPTION OF CONTRACT

CONTRACT VALUE

c.

BALANCE OF CONTRACT

NASA GODDARD SPACE FLIGHT CENTER Greenbelt, MD 20771

Cost Plus Fixed Fee

GSFC Health Unit

XYZ CORP.

NAS5-33333 Mod. #12

4/12/05

1,200,000

7,422,005 445,320

743,321

March 31, 2005 20 days

4,717

68

80

4,865

85,939

27,913

$113,852

5,032

700

915

1,360

6,148

0

1,214

$15,369

$129,221

10,338

$139,559

6,870

$146,429

3,630

65

83

3,778

62,971

20,453

$83,424

64,926

3,500

2,106

15,512

57,989

0

12,246

$156,279

$999,026

70,815

$1,069,841

61,830

$1,131,671

30,524

594

720

31,098

636,131

206,616

842,747

7,608

1,329

292

1,173

10,578

0

1,613

$22,593

$106,017

8,481

$114,498

6,870

$121,368

68,496

11,961

2,628

10,557

95,202

0

14,517

$203,361

$964,177

76,337

$1,030,614

61,830

$1,092,344

29,762

585

747

31,094

566,739

184,077

$769,816

4,250

77

618

4,945

77,782

25,264

$103,046

5,000

686

350

1,360

6,148

0

1,300

$14,844

$117,890

9,431

$127,321

6,870

$134,191

4,250

77

618

4,945

77,782

25,264

$103,046

5,000

723

600

1,360

6,148

0

1,250

$15,081

$118,127

9,450

$127,577

6,870

$134,447

174,470

3,183

4,666

183,059

3,494,544

1,135,030

$ 4,629,573

503,769

75,206

14,678

64,873

273,054

2,326

136,366

$ 1,071,272

$ 5,700,845

456,123

$ 6,156,968

369,750

$ 6,526,720

213,494

3,931

6,622

224,047

4,286,239

1,392,174

$ 5,678,412

578,695

80,115

17,734

83,105

343,339

2,326

151,162

$ 1,257,476

$ 6,935,888

545,819

$ 7,481,707

445,320

$ 7,927,029

April ‘05 May ‘05

4,227,674

1,373,150

$ 5,600,824

March ‘05 March ‘05

213,880

3,900

5,000

222,780

608,158

89,740

19,350

77,777

318,942

3,686

153,750

$ 1,271,403

$ 6,872,227

549,778

$ 7,422,005

445,320

$ 7,867,325

11

12

NF 533M Analysis – Cost over Obligations

• What is it?– Actual or estimated cost exceeds obligation

• Why do we do it?– May constitute a violation of appropriation law

• How we do it?– Calculations within the CCR (Contractor Cost

Reporting) Accrual Worksheet show cost over obligation for actual and estimated costs

• Those without access to the CCR may view the CCR Accrual Worksheet by generating Business Warehouse report CMRPT01

NUMBER OF OP DAYS 24FINANCIAL MONTH ENDING : December 31, 2010 FUND LIMITATION: 9,112,397$ MODIFICATION NO. 2 19.17120521000 BROOKPARK ROADCLEVELAND, OHIO 44135 FROM: TYPE OF CONTRACT: COST PLUS AWARD FEESCOPE OF WORK: AUTH REP:

PROGRAM MANAGER

CONTRACT VALUE - COST: 18,224,889$ CONTRACT VALUE - FEE: 1,336,180$ INVOICE AMOUNTS : 8,508,149$ TOTAL VALUE: 19,561,069$ AMOUNTS RECEIVED: 7,695,931$

8. ESTIMATED COST/HOURS TO COMPLETEDecember 2010 December 2010 CUM TO DATE CUM TO DATE J anuary 2011 February 2011 c. BAL OF a. CONTRACTOR b. CONTRACT

a. ACTUAL b. PLANNED c. ACTUAL d. PLANNED a. ESTIMATE b. ESTIMATE CONTRACT ESTIMATE VALUE

LABOR HOURS

DIRECT LABOR-P RODUCTIVE 17,329.50 17,108.00 183,613.20 179,314.00 17,157.00 14,172.00 195,127.45 410,069.65 410,069.65 DIRECT LABOR-NONP RODUCTIVE 3,030.20 - 24,101.95 - - - - - - DIRECT OVERTIME 33.00 78.00 467.00 594.00 73.00 61.00 982.00 1,583.00 1,583.00 P ROGRAM SUP P ORT 948.50 - 8,535.70 - - - - - - TOTAL LABOR HOURS 21,341.20 17,186.00 216,717.85 179,908.00 17,230.00 14,233.00 196,109.45 411,652.65 411,652.65

COST - DIRECT LABOR

DIRECT LABOR-P RODUCTIVE 467,877.76 469,553.00 4,795,707.15 4,622,319.65 449,988.00 371,729.00 5,096,099.84 10,713,523.99 10,713,523.65 DIRECT OVERTIME 1,352.50 2,901.00 18,375.46 22,114.00 2,780.00 2,297.00 35,892.54 59,345.00 59,345.00 P ROGRAM SUP P ORT 41,051.66 41,720.00 357,302.23 506,351.00 39,981.00 33,028.00 611,430.49 1,041,741.72 1,041,741.00 TOTAL LABOR COSTS 510,281.92 514,174.00 5,171,384.84 5,150,784.65 492,749.00 407,054.00 5,743,422.87 11,814,610.71 11,814,609.65

LABOR OVERHEAD 202,110.22 199,184.00 2,063,398.54 2,008,002.00 190,885.00 157,687.00 2,178,082.91 4,590,053.45 4,590,053.00 TOTAL LABOR RELATED COSTS 712,392.14 713,358.00 7,234,783.38 7,158,786.65 683,634.00 564,741.00 7,921,505.78 16,404,664.16 16,404,662.65

TASK-DIRECT COSTS

TRAVEL - 682.00 3,904.64 7,585.00 654.00 539.00 11,237.36 16,335.00 16,335.00 TRAINING 3,190.00 3,290.00 6,215.00 15,403.00 3,153.00 2,605.00 45,648.00 57,621.00 57,621.00 EQUIP MENT - 820.00 - 7,715.00 785.00 647.00 16,791.00 18,223.00 18,223.00 MATERIALS/TOOLS 568.15 2,128.00 17,487.80 18,584.00 2,040.00 1,683.00 24,696.20 45,907.00 45,907.00 OTHER 19,922.04 26,314.00 341,283.11 276,906.00 25,219.00 20,833.00 227,270.43 614,605.54 614,606.00 TOTAL TASK-DIRECT COSTS 23,680.19 33,234.00 368,890.55 326,193.00 31,851.00 26,307.00 325,642.99 752,691.54 752,692.00

G &A 41,262.26 46,326.00 428,623.39 467,613.00 44,394.00 36,674.00 557,842.91 1,067,534.30 1,067,534.00

TOTAL COST 777,334.59 792,918.00 8,032,297.32 7,952,592.65 759,879.00 627,722.00 8,804,991.68 18,224,890.00 18,224,888.65

AWARD FEE 27,941.00 58,139.00 552,604.00 582,802.00 55,718.00 46,028.00 681,287.00 1,335,637.00 1,336,180.00

TOTAL COST AND FEE 805,275.59 851,057.00 8,584,901.32 8,535,394.65 815,597.00 673,750.00 9,486,278.68 19,560,527.00 19,561,068.65

7. COSTS INCURRED/HOURS WORKED 9 EST. FINAL COST/HOURS

13

In this case when actual costs are added to the Jan. estimate, there will not be sufficient funding.

To-Date: $8,584,901 + Jan Est. 815,597= Needed $9,400,498Available $9,112,397

Cost Over Obligations

Box 4 Fund LimitationIs this value correct? Does it include all mods/incremental funding actions?Value = obligations

14

NF 533M Analysis – Available Funding

• What is it?– Adequate funding to cover estimated cost

• Why do we do it?– To ensure adequate funding is available to cover

second month estimated cost– To be proactive in limiting Cost in Excess of

Obligations• How we do it?

– Compare Net Uncosted Fund Limit after posting the current month’s estimate (8a) with the amount reported in column 8b of the NF 533M report

15

NUMBER OF OP DAYS 24FINANCIAL MONTH ENDING : December 31, 2010 FUND LIMITATION: 9,112,397$ MODIFICATION NO. 2 19.17120521000 BROOKPARK ROADCLEVELAND, OHIO 44135 FROM: TYPE OF CONTRACT: COST PLUS AWARD FEESCOPE OF WORK: AUTH REP:

PROGRAM MANAGER

CONTRACT VALUE - COST: 18,224,889$

CONTRACT VALUE - FEE: 1,336,180$ INVOICE AMOUNTS : 8,508,149$ TOTAL VALUE: 19,561,069$ AMOUNTS RECEIVED: 7,695,931$

8. ESTIMATED COST/HOURS TO COMPLETEDecember 2010 December 2010 CUM TO DATE CUM TO DATE J anuary 2011 February 2011 c. BAL OF a. CONTRACTOR b. CONTRACT

a. ACTUAL b. PLANNED c. ACTUAL d. PLANNED a. ESTIMATE b. ESTIMATE CONTRACT ESTIMATE VALUE

LABOR HOURS

DIRECT LABOR-P RODUCTIVE 17,329.50 17,108.00 183,613.20 179,314.00 17,157.00 14,172.00 195,127.45 410,069.65 410,069.65

DIRECT LABOR-NONP RODUCTIVE 3,030.20 - 24,101.95 - - - - - - DIRECT OVERTIME 33.00 78.00 467.00 594.00 73.00 61.00 982.00 1,583.00 1,583.00 P ROGRAM SUP P ORT 948.50 - 8,535.70 - - - - - - TOTAL LABOR HOURS 21,341.20 17,186.00 216,717.85 179,908.00 17,230.00 14,233.00 196,109.45 411,652.65 411,652.65

COST - DIRECT LABOR

DIRECT LABOR-P RODUCTIVE 467,877.76 469,553.00 4,795,707.15 4,622,319.65 449,988.00 371,729.00 5,096,099.84 10,713,523.99 10,713,523.65 DIRECT OVERTIME 1,352.50 2,901.00 18,375.46 22,114.00 2,780.00 2,297.00 35,892.54 59,345.00 59,345.00 P ROGRAM SUP P ORT 41,051.66 41,720.00 357,302.23 506,351.00 39,981.00 33,028.00 611,430.49 1,041,741.72 1,041,741.00

TOTAL LABOR COSTS 510,281.92 514,174.00 5,171,384.84 5,150,784.65 492,749.00 407,054.00 5,743,422.87 11,814,610.71 11,814,609.65

LABOR OVERHEAD 202,110.22 199,184.00 2,063,398.54 2,008,002.00 190,885.00 157,687.00 2,178,082.91 4,590,053.45 4,590,053.00 TOTAL LABOR RELATED COSTS 712,392.14 713,358.00 7,234,783.38 7,158,786.65 683,634.00 564,741.00 7,921,505.78 16,404,664.16 16,404,662.65

TASK-DIRECT COSTS

TRAVEL - 682.00 3,904.64 7,585.00 654.00 539.00 11,237.36 16,335.00 16,335.00 TRAINING 3,190.00 3,290.00 6,215.00 15,403.00 3,153.00 2,605.00 45,648.00 57,621.00 57,621.00 EQUIP MENT - 820.00 - 7,715.00 785.00 647.00 16,791.00 18,223.00 18,223.00 MATERIALS/TOOLS 568.15 2,128.00 17,487.80 18,584.00 2,040.00 1,683.00 24,696.20 45,907.00 45,907.00

OTHER 19,922.04 26,314.00 341,283.11 276,906.00 25,219.00 20,833.00 227,270.43 614,605.54 614,606.00 TOTAL TASK-DIRECT COSTS 23,680.19 33,234.00 368,890.55 326,193.00 31,851.00 26,307.00 325,642.99 752,691.54 752,692.00

G &A 41,262.26 46,326.00 428,623.39 467,613.00 44,394.00 36,674.00 557,842.91 1,067,534.30 1,067,534.00

TOTAL COST 777,334.59 792,918.00 8,032,297.32 7,952,592.65 759,879.00 627,722.00 8,804,991.68 18,224,890.00 18,224,888.65

AWARD FEE 27,941.00 58,139.00 552,604.00 582,802.00 55,718.00 46,028.00 681,287.00 1,335,637.00 1,336,180.00

TOTAL COST AND FEE 805,275.59 851,057.00 8,584,901.32 8,535,394.65 815,597.00 673,750.00 9,486,278.68 19,560,527.00 19,561,068.65

7. COSTS INCURRED/HOURS WORKED 9 EST. FINAL COST/HOURS

Fund Limitation: $9,112,397Estimated Costs: $ 10,074,248

($961,851)

Available Funding

Insufficient funds obligated to cover the cost of next month’s work; action must be taken to fund the planned work

Columns 7c (actual cumulative cost to date), $8,584,901 + 8a (current estimate) $815,597 + 8b (next month’s estimate) $673,750 equals $10,074,248; compare to Box 4 (fund limitation)

Box 4 Fund LimitationIs this value correct?

SAMPLE NF 533M’s

16

17

18

19

20

Summarized Samples of Analytics for NF 533 Forms

NF 533 Analyses• Review baseline values – To ensure changes to baseline budget values are

documented by contract modifications

– Compare current baseline cost & labor values to values in previous month’s NF 533

– Compare contract cost & labor values (cols. 7b & 9b) to accepted baseline budget

– Ensure contract value on NF 533M = awarded contract value

• Review contract reporting structure – To ensure contractor is reporting by reporting categories negotiated into the contract, as modified – Compare NF 533M reporting categories to categories stipulated in the contract

• Check math accuracy - To ensure accurate data is used in management reporting, financial statements and decision-making– Verify NF 533M calculations

• Compare estimated vs. planned cost – To determine whether the contractor is properly reporting current month estimates– Compare current month estimate to current month planned (on next NF 533M)

NF 533 Analyses• Compare estimated vs. actual cost – To ensure reasonableness and accuracy of

estimates to maximize accuracy of cost recorded in NASA’s accounting system and used in project management decision-making– Difference between 8a (estimate) from prior month’s NF 533 and 7a (actual) from

current month’s NF 533 divided by 7a (actual) from current month• Check cost over obligations –To ensure no violations of appropriation law

– Review calculations within the CCR Accrual Worksheet or CMRPT01 BW report which show cost over obligations for actual and estimated costs

• Check available funding – To ensure adequate funding is available to cover second month estimated cost; be proactive in limiting Cost in Excess of Obligations– Compare Net Uncosted Fund Limit after posting the current month’s estimate (8a)

with the amount reported in column 8b of the NF 533M report• Compare cumulative invoice vs. cumulative NF 533M cost – To reconcile

contractor’s cost reported on NF 533M with cost reported on invoices to support payment of invoices– Compare cumulative billed amount on invoice to cumulative recorded actual costs on

NF 533M for same reporting period

•

NF 533 Analyses• Cost Over and Underruns – To determine if Estimated Final Cost is

higher or lower than Contract Value – Compare Estimated Final Cost/Hours, Column 9.a., Contractor

Estimate, to Column 9.b., Contract Value– Use “burn rate” analysis to estimate final cost independent from the

contractor’s reported estimate (average actual monthly costs) x (months left on contract) plus cumulative actual cost

• Actual vs. Planned Current Month - To identify prospective project control issues; may be the first indicator of a potential problem– Examine variances between the values reported in columns 7a and 7b

in the same row• Cost Over and Underruns – To determine if Estimated Final Cost is

higher or lower than Contract Value – Compare Estimated Final Cost/Hours, Column 9.a., Contractor

Estimate, to Column 9.b., Contract Value– Use “burn rate” analysis to estimate final cost independent from the

contractor’s reported estimate (average actual monthly costs) x (months left on contract) plus cumulative actual cost

NF 533 Analyses• Cumulative Actual vs. Planned – To assess the financial position of the

contract; variances may be an indication of technical, financial, or management issues– Examine variances between the values reported in columns 7c and 7d in

the same row• Average Labor Rates – To provide essential data about contract

performance related to baseline budget labor cost; an indicator of overruns/savings on the contract– Compare average labor rates reported in the NF 533M with the planned

rates of the baseline budget• Labor Overhead Rates - To indicate overruns/savings on the contract;

provides data about contract performance related to baseline budget planned labor overhead rates– Compare planned vs. actual labor overhead rates

• G&A Rates - To indicate overruns/savings on the contract; provides data about contract performance related to baseline budget planned G&A rates– Compare plan vs. actual General and Administrative (G&A) overhead

rates