Other Direct Costs (ODCs) play a critical role in government contract budgeting, pricing, and execution. This course provides a clear and practical understanding of ODCs—what they are, how they differ from other cost categories, and how to manage them in compliance with Federal Acquisition Regulation (FAR) guidelines. Participants will learn how to identify, justify, and allocate ODCs accurately in proposals and during contract performance. Through real-world examples and best practices, this course equips contractors with the tools to ensure proper handling of ODCs, minimize audit risks, and improve cost recovery. Key Learning Objectives: By the end of this course, participants will be able to: • Define and identify Other Direct Costs (ODCs) within government contracts. • Distinguish ODCs from direct labor, materials, and indirect costs. • Accurately allocate and track ODCs to ensure compliance with FAR Part 31. • Incorporate ODCs into proposals, pricing, and contract budgets. • Understand documentation requirements for audit readiness. • Address common challenges in managing ODCs during contract execution. Who Should Attend: This course is ideal for: • Proposal managers and pricing specialists • Contract and program managers • Accounting and finance professionals • Compliance officers and auditors • Small business owners managing federal contracts Course Highlights: • What qualifies as an Other Direct Cost (ODC) and how to identify it • FAR regulations governing ODCs and allowable expenses • Strategies for tracking, allocating, and reporting ODCs • Incorporating ODCs into proposals and cost models • Documentation requirements to ensure audit readiness • Practical examples and common pitfalls to avoid Gain the knowledge and skills to manage Other Direct Costs confidently and compliantly. Join us to ensure your ODCs are accurately handled, properly justified, and audit-ready for government contracts!