Incurred Cost Submission Template
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Incurred Cost Submission Template
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What Is An Incurred Cost Proposal
This checklist is used for assessing the adequacy of final direct and indirect incurred costs to ensure compliance with the contractual requirements under FAR Incurred Cost Submission Adequacy Checklist Incurred Cost Submission. Failure to submit and certify will result in a unilateral decision by contracting officer. Unilateral rates are usually set low to protect the government's interest in regards to unallowable cost. Incurred Cost Submission. Submission is to be sent to the contracting officer (two copies)
Incurred Cost Submission
Incurred Cost Submission TemplateBest practice includes use of the DCAA's Incurred Cost Electronically (ICE) Model (or similar format) containing all required schedules: Schedule A-F for Indirect Cost Pools, G-K for Contract Costs, L-O for Other Contract Information. Note: Contractors can review the same checklists used by DCAA auditors to assess adequacy. 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 It should result in less time being spent in Submission preparation Supporting the audit ICE Benefits
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