FREE: GovCon 101 – Incurred Cost Submission

Optional: If seeking credit or a certificate of completion, $45 accreditation fee.

Are you a government contractor with at least one flexibly priced contract? Do your flexibly priced contracts include the Allowable Cost and Payment clause, FAR 52.216-7? If this is the case, you are required to submit a final indirect cost proposal annually.

FAR 52.216-7(d)(2)(i) states in part, “The contractor shall submit an adequate final indirect cost rate proposal to the contracting officer (or cognizant federal agency official) and auditor within the 6-month period following the expiration of each of its fiscal years.”

For many contractors the deadline for the next Incurred Cost Proposal is June 30th. Our experts recommend getting started early to assure you have adequate time to prepare the submission. Are you prepared? Do you know what an adequate final indirect cost rate proposal entails?

Each year, the Capital Edge Consulting Team works with numerous organizations developing, assisting with and/or reviewing their final indirect cost rate proposals, and in doing so, identifies the major preparation pitfalls contractors face as well as tips for success when preparing their annual Incurred Cost Submission (ICS).

Join our Incurred Cost Submission experts, Marie Salamone, Partner at Capital Edge Consulting Inc, and Senior Consultant, Sammie Warnecki as they dive into the requirements of the Incurred Cost Submission, and provide their professional insight and knowledge on the following topics and questions:

•     Incurred Cost Proposal Overview
• What is the Purpose and Origin of the ICS?
• When is the ICS Required?
• Data Requirements
• Overview of Key Schedules
• Allowability of Cost
•    Common Pitfalls
• Final Preparation Tips
• Submitting the ICS

Instructor: Marie Salamone, Incurred Cost Submission