Validated Billing Solution (VBS)

Government Contract & Billing Types Handled with VBS:

• Cost plus
• T&M
• Progress payment with liquidations
• Performance-based, with or without liquidations
• Advanced payments
• Fixed price

Key Requirements Met

VBS fills the known gaps found in the A&D Contracts and Billing area. Filling these gaps expedites the billing and audit process and prevents the need for unnecessary withholds due to the lack of required data.

VBS Features

• VBS Contract Cockpit providing central view of Contractual Data
• Inception-to-date billing
• Period of Performance limitations with inclusions & exclusions
• Cost Controls: POP, LOC, Alternate POP, Cost Filtering
• Retroactive billing and rate adjustment
• Liquidation of down payments at any level
• Enables Non-CLIN-based WBS structures
• Allows for Mixed Type Contracts
• Allows for the assignment of One WBS Element to more than one CLIN
• Contract-modification tracking
• Level of effort—limit on hours
• CAPs & Withholds
• Fees (Incentive, Fixed, Award)
• Funding: Cost Funds & Fee Funds
• ACRN funding at any level and with multiple consumption methods
• Voucher numbering
• Ability to handle multiple invoice prefixes for the voucher number dependent upon invoice type
• Contract-performance reporting—ability to report on cost incurred burdened at billing rates vs. contract funding
• Notification of 75% consumption of funds to the appropriate person