As a contractor, are we allowed to use up the rest of the travel funding on the Contract that is about to end, while charging labor to the newly awarded contract? Where can any guidance be found on this topic? What is the risk from an audit stand point?
The answer is, it depends. If the travel is travel for the old contract and the old contract is still open and the funds are still there it should be okay. What you really need to do is talk with your prime since they are the ones you have the contract with and I have no idea what your contract with them says.
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