Preparing for the Incurred Cost Proposal
Автор: Left Brain Pro
Загружено: 2020-12-02
Просмотров: 251
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An Incurred Cost Proposal reconciles actual costs incurred with amounts billed against each contract. Contractors performing work on flexibly priced contracts (T&M and cost-type) must submit an incurred cost proposal (ICP) within 6 months of the close of their fiscal year. A completed ICP provides the contractor with their claimed rates which, when approved, become final indirect rates for the period in question. This webinar will focus on the requirements for submitting an ICP, the importance of timely reconciliation, and review the strategies and best practices for successful preparation and completion of your ICP.
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