For contractors with flexibly priced contracts (e.g. CPFF, CPIF, FPI, and T&M) and with fiscal years ending December 31st, the June 30th deadline (six months after fiscal year end) for submitting annual incurred cost proposals is quickly approaching.
A number of years ago, DCAA developed "ICE" (Incurred Cost Electronically), an electronic version of the Model Incurred Cost Proposal found in Chapter 6 of DCAAP (DCAA Pamphlet) No. 7641.90. That model is now in Version 2.0.1. ICE provides contractors with a standard, but not-to-user friendly submission package that can assist them in preparing adequate incurred cost proposals in accordance with FAR 52.216-7, "Allowable Cost and Payment." This tool can be downloaded free from DCAA's website.
Our staff has extensive experience in working with ICE and can assist you and your company in preparing and supporting an adequate incurred cost proposal. We can help ensure that all allowable, allocable, and reasonable costs are considered and we can help avoid pitfalls caused by inadvertent inclusion of unallowable costs in your submission to the Government.
Call us toll free at 1-866-849-4887 for a free consultation.
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