OVERVIEW
Date: May 7, 2024
Time: 2:00 - 3:00 PM EST
SUMMARY
Expand your knowledge during this informative webinar on Incurred Cost Submissions.
Attention contractors with cost-reimbursement or time-and-materials contracts! The Allowable Cost and Payment clause (FAR 52.216-7) mandates the submission of a comprehensive incurred cost proposal within six months after your fiscal year ends.
Submitting an accurate proposal is crucial - including supporting schedules and the signed "Certificate of Indirect Costs." Missing the deadline can result in unilateral determinations by DCAA on final indirect cost rates or contract costs.
During this informative session, you will:
Attention contractors with cost-reimbursement or time-and-materials contracts! The Allowable Cost and Payment clause (FAR 52.216-7) mandates the submission of a comprehensive incurred cost proposal within six months after your fiscal year ends.
Submitting an accurate proposal is crucial - including supporting schedules and the signed "Certificate of Indirect Costs." Missing the deadline can result in unilateral determinations by DCAA on final indirect cost rates or contract costs.
During this informative session, you will:
- Learn what an Incurred Cost Submission entails
- Understand when an ICS is necessary
- Explore each schedule of the ICS
- Discover DCAA's Adequacy Checklist
- Prepare for an ICS Audit