[haj]

Does anyone know when to or when not to add the costs incurred to the estimated costs when calculating GP for current year? Some questions lead to correct answers when you add them and some don’t.

[seepeehay]

When the given is “total estimated costs” then you don't add it. Total estimated costs include “costs incurred to date” and “estimated costs to complete.”
On the other hand, if the given is just “estimated costs to complete” then you add costs incurred to date to get the “total estimated costs.”

In short, Total estimated cost or Total cost=Cost incurred to date+Estimated costs to complete

I would not take this topic for granted if you know what I mean so you're on the right track. 😉

[Mike J]

I cannot confirm or deny that it MAY sneak up on REG even though I only saw it in practice for FAR.

[Author]

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