nf 533 reporting nf 533 reporting nf 533 reporting nf 533 reporting nf 533 reporting
DESCRIPTION
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 - PowerPoint PPT PresentationTRANSCRIPT
NF 533 ReportingNF 533 ReportingNF 533 ReportingNF 533 ReportingNF 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 VALUEa. 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 QTRFY06
2nd QTR FY06
BALANCE OF FY06
NEXT FISCAL YEAR
FY07BALANCE
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 CATEGORYa. 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 2,326136,366
$ 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 VALUELABOR HOURSDIRECT 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 LABORDIRECT 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 COSTSTRAVEL - 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 $9,112,397
Cost Over ObligationsBox 4 Fund LimitationIs this value correct? Does it include all mods/incremental funding actions?Value = obligations
14
NF 533M Analysis – Available Funding
• What is it?– Adequate funding to cover estimated cost
• Why do we do it?– To ensure adequate funding is available to cover
second month estimated cost– To be proactive in limiting Cost in Excess of
Obligations• How we do it?
– Compare Net Uncosted Fund Limit after posting the current month’s estimate (8a) with the amount reported in column 8b of the NF 533M report
15
NUMBER OF OP DAYS 24FINANCIAL MONTH ENDING : December 31, 2010 FUND LIMITATION: 9,112,397$ 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 - C OST: 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 COMP LETEDecember 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 VALUELABOR HOURSDIRECT 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 LABORDIRECT 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 COSTSTRAVEL - 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 C OSTS 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