Charlie:  Hope you're not too incredibly busy. . .I have another one of
those "but that's the way we've always done it" issues (remember, I just got
here).  I was hoping you could shed some light.

I remember reading (during my university days) that "cost plus a percentage
of cost" procurements were not allowable costs.  Now I'm faced with a
procurement where the vendor is proposing a budget that shows total costs
(including IDC), a fee equal to 8% of total costs, and a GRAND TOTAL COST of
the project.

Does any of this sound familiar?

Lesley