Government contractors that use Withum for their incurred cost proposals (ICP) save valuable time and resources and gain confidence in the accuracy, compliance and punctuality of their submissions. Withum’s Government Contractor Services Team expertly handles even the most intricate submissions, navigating complex cost structures, data analysis across disparate systems, high volumes of submissions and more.
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Many factors impact the specialization and complexity of an ICP submission. For a personalized Incurred Cost Proposal Submission price calculation and estimate, please fill out the form below. A member of our team will reach out to you shortly.
The Importance of an Incurred Cost Proposal Submission
The goal of the ICP process is to determine the final indirect rates used for billing the government on cost-reimbursement contracts. These rates establish how much of a contractor’s indirect costs are reimbursable, making this a significant determinant of profitability.
The ICP process is a Defense Contract Audit Agency (DCAA) requirement for all businesses that receive funding from the government. Cost documentation guidelines are governed by the Federal Acquisition Regulation (FAR). Submissions are due 6 months after the contractor’s fiscal year closes.
Why Choose Withum for your Incurred Cost Proposal Submission
Expertise on unique reporting requirements set by the DCAA and FAR.
Seasoned professionals including Certified Public Accountants (CPAs), Certified Government Financial Managers (CGFM), Certified Fraud Examiners (CFE), and Registered Municipal Accountants (RMA).
Innovative solutions to keep your business running efficiently and cost-effectively.