The Life Cycle of an Indirect Cost Rate Proposal Live Training Event

September 8, 2016

8:30 AM - 4:00 PM

Overview

This one-day seminar will discuss “life” of an indirect cost rate proposal, from the point of contractor submission to the ultimate objective of contract or subcontract close out.  The seminar includes case studies based upon DCAA audit (cost questioned) and published ASBCA decisions.

Learning objectives

At the completion of this seminar, participants will be able to:

  • Identify the FAR clause(s) which require Indirect Cost Rate Proposals
  • Identify DCMA internal guidance related to final rates and contract close-out
  • Identify the FAR clause which pertain to ICP certification and penalties for claiming expressly unallowable costs
  • Identify and obtain DCAA audit policies regarding ICP adequacy reviews and audits

Program Content

During the seminar your faculty will discuss a number of subtopics including reasons to withdraw and resubmit an ICP, DCAA audit policies (ICP adequacy checklists, requests for supplemental data prior to commencing an audit, requests for documentation during the audit, auditor feedback during the audit and typical audit (cost questioned) issues).  We will use case studies to illustrate typical cost questioned, the regulations behind the issues, issue resolution as well as preventive measures to avoid similar issues.   In addition, will discuss contractor actions if/when the contractor obtains a final rate agreement letter(s) implicating contractor invoices/vouchers to adjust previous billings or to close-out contracts.