Manager, Capital Edge Consulting
Benjamin Sedelmeier has over five years of experience in supporting government contractors and Federal award recipients to address various accounting and compliance issues related to Federal government contracts, grants, and cooperative agreements. Ben’s expertise includes but is not limited to Cost Proposal Support, Financial Modeling, Contract Administration, Federal Acquisition Regulations (FAR), Cost Accounting Standards (CAS), and Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal awards to nonFederal entities (Uniform Guidance). Ben is well experienced in working with both government contractors and Federal award recipients of varying size and industry focus. Ben has complied numerous hours supporting clients with the development of indirect rate structures and forensic investigative analyses.
Ben has assisted clients with Business Systems Compliance, Policy and Procedure Development, Indirect Cost Rate Proposal Development, Indirect Rate Structure Assessment, Subrecipient Monitoring Support, Audit Support, and Risk Assessment, Audit Findings Remediation, Procurement System Compliance, Internal Controls Assessment, and other regulatory compliance matters.
Indirect costs is sort of “taboo,” “hush hush,” and the last thing people want to talk about. However, it is the most critical piece to an organization surviving. Without HR, you have no employees for your programs. Without Finance, you have no way to pay for the HR person to hire the employees for your programs. There is no program (direct cost) without support (indirect cost). Together they equal your true costs of service. Learning Objectives: • Benefits of having a negotiated indirect cost rate • How to leverage your rate once approved • Limitations of not having a negotiated indirect cost • Why recovering funds left on the table is critical
Whether you are on the side of being a pass-through entity or a sub-recipient of a pass-through entity, it is imperative that each party understands their responsibilities and how to best prepare for monitoring and managing the grant award per the Uniform Guidance.