Incurred Cost Submission Template

Government contractors with cost reimbursable and certain other contract types must submit an adequate incurred cost proposal within six months after the end of their fiscal year per the far clause 52216 7.

Incurred cost submission template. Incurred cost submissions ice generally speaking contractors executing cost reimbursable type contracts subject to the allowable cost and payment clause are required to submit an incurred cost submission. In the incurred cost submission you will reconcile the books of account and the claimed direct costs. Some prime contractors also invoke this requirement on time and material contracts as well. It should result in less time being spent in.

Paragraph d2 of the clause specifies this proposal is due to the contracting officer or cognizant federal agency official and auditor within six months following. Also contractors may voluntarily submit a billing rate proposal to assist the responsible official in establishing rates preferred. Description amount reference fringe rate pool 3192456 schedule b base 9135842 schedule e claimed fringe 3494 indirect rate pool 4525455 schedule c base 12048844 schedule e claimed indirect 3756. It should show the government participation in indirect expense pools.

Incurred cost electronically ice model ice is an excel spreadsheet that provides contractors with a standard user friendly electronic package to assist in preparing timely and adequate incurred cost submissions. Incurred cost submission the ice model schedules are required fac 2005 52 effective june 11 2011 incorporated the ice model schedules into the allowable cost and payment clause far 52216 7 template model in excel format located at wwwdcaamil how can we succeed. It is important to discuss the requirements with the contracting officer or cognizant auditor. Ice incurred cost electronically model the ice model which is the electronic version of the model incurred cost proposal provides contractors with a standard user friendly ice submission package for preparing adequate incurred cost proposals in accordance with far 52216 7 allowable cost and payment see note 1 below.

Keys to submitting an adequate incurred cost proposal. As a reminder your incurred cost proposal icpice is required per contract clause far 52216 7 allowable cost and payment. Dcaa operates under the authority direction and control of the under secretary of defense comptrollerchief financial officer. Prior years indirect cost experience to eliminate unallowable and.