Reimbursement Formula:
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Definition: This calculator estimates the reimbursement amount for a personally procured move based on the government constructed cost (GCC).
Purpose: It helps military personnel and government employees determine their reimbursement when they organize their own move rather than using government-contracted services.
The calculator uses the formula:
Where:
Explanation: The GCC represents what it would cost the government to move your belongings, and the 1.3 multiplier provides additional compensation for your effort in organizing the move yourself.
Details: Accurate calculation helps you budget your move expenses and understand the financial benefit of organizing your own move versus using government services.
Tips: Enter the GCC amount provided by your transportation office. The value must be > 0.
Q1: What is GCC?
A: GCC stands for Government Constructed Cost, which is the estimated cost the government would pay a contractor to move your belongings.
Q2: Why is there a 1.3 multiplier?
A: The 1.3 multiplier (30% bonus) is an incentive for handling your own move, compensating for your time and effort.
Q3: How do I get my GCC amount?
A: Your transportation office will provide this figure after evaluating your shipment weight and move details.
Q4: Are there any deductions from this amount?
A: Yes, you may owe taxes on the reimbursement amount. Consult a tax professional for details.
Q5: Can I make money on a PPM?
A: Potentially yes, if your actual moving costs are less than the reimbursement amount.