Incurred Cost Submissions

Incurred Cost Submissions

Simplifying Compliance for Government Contractors

For federal contractors, submitting accurate and compliant Incurred Cost Submissions (ICS) is a critical requirement. These submissions ensure transparency and proper allocation of costs under government contracts. At Barclay Group LLC, we specialize in preparing and managing ICS, helping your business meet federal regulations while minimizing audit risks.

What Are Incurred Cost Submissions?

Incurred Cost Submissions, also known as Incurred Cost Proposals (ICP), are annual reports required by the Defense Contract Audit Agency (DCAA) for cost-reimbursable contracts. These submissions detail direct and indirect costs incurred during a contract’s performance and confirm compliance with Federal Acquisition Regulation (FAR) requirements. Accurate ICS submissions are essential for cost recovery and maintaining positive relationships with federal agencies.

Our ICS Compliance Services

  1. Preparation and Review
    We prepare complete and compliant ICS reports, ensuring that every cost is accurately documented and aligned with contract requirements.
  2. Cost Allocation and Analysis
    Our team verifies that direct and indirect costs are properly allocated across projects, minimizing errors and ensuring compliance with federal standards.
  3. Audit Support
    DCAA audits can be challenging, but we’re here to support you. We provide thorough documentation and expert guidance to address auditor inquiries and ensure a smooth process.
  4. Indirect Rate Calculations
    Accurate indirect rate calculations are a key component of ICS compliance. We develop and validate fringe, overhead, and G&A rates to ensure consistency and compliance.
  5. Filing and Submission
    Navigating the ICS submission process can be daunting. We handle the filing and submission of your ICS reports, ensuring they meet deadlines and regulatory requirements.

Government Contracting, Compliance & Accounting—Stay Compliant, Win More Contracts, and Grow with Confidence! Give us a call or fill out our contact form.

Contact Barclay Group

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Barclay Group - Government Contracts Consulting
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The Barclay Group has been a fantastic company to work with. Jacob and his team exhibit a true commitment to professionalism and partnership in everything they do.
The Barclay Group helped us at short notice when we needed their time and expertise. They steered us through a demanding US Govt requirement and have prepared us for the future demands. Excellent service and professional delivery.
Jacob Barclay is a recognized expert that delivers for his clients. We do not hesitate to refer clients to him for DCAA compliance and other govcon issues!
Literally the best! If you need to know anything about financials and compliance, Jacob not only knows all the rules, but will share his advice on how to proceed. Invaluable, especially for those smaller businesses trying to work in the Federal arena.
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