It should be easy to assign provisional rates to project charges as a percentage, per unit, or fixed amount. If the provisional rates change during the life of the contract, the system should allow you to track the starting and ending date or effective period for each rate. It should provide a comparison of the indirect expense rate to the provisional rate for reporting and analysis. The government’s requirement to monitor indirect rates throughout the year should be met by providing a standard worksheet that allows for automatic substitution of budget data with month ending actual data so annualized indirect rates can be computed. And finally, the application should automatically create a work in process transaction to record the difference between the actual and the provisional rate. 

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