Incurred Cost Submissions for Government Contractors

27/05/2020 11 min Episodio 11
 Incurred Cost Submissions for Government Contractors

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Episode Synopsis

As May wraps up, there is a deadline looming for many government contractors. Eric Poppe and Javier Diaz, members of Cherry Bekaert's Government Contractor Services Group talk about preparing and submitting your annual Incurred Cost Submissions (ICS). An ICS is due six months after the end of your fiscal year and is based on the requirement of the Allowable Cost and Payment Clause. Discussion includes items required to compile your indirect rates, documents needed to prepare the submission, the submission process and potential pitfalls so you are on the lookout prior to submission to DCAA.View all Government Contracting Podcasts