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Who should attend:

CFOs, Directors, Managers in functional areas of Contract Administration, Accounting, Finance, Compliance and Consulting. Any organization who are required to submit their incurred costs to the Federal Government

What you will learn:

What contractors must know about the Incurred Cost Submission ICS, including analysis of ICS Model Schedules, Contract Costs, and Rate Structures.

A step-by-step guide to the preparation and filing of the Incurred Cost Submission (ICS) for Government contractors.

Government contractors subject to an Allowable Cost and Payment contract clause must submit an adequate incurred cost proposal together with supporting data for each fiscal year within six months after the end of those fiscal years. To establish final indirect rates and direct contract costs consistent with these important procurement provisions, contractors must understand all components of an adequate incurred cost proposal and the costs that must be included within these submissions.

This course focuses on what contractors must know about the Incurred Cost Submission, ICS, including analysis of ICS Model Schedules, Contract Costs, and Rate Structures.

Our expert instructors will walk you through a step-by-step guide to the preparation and filing of the Incurred Cost Submission (ICS) for Government contractors.

This workshop is designed to show contractors how to identify and capture all allowable costs that may be claimed for reimbursement in the prescribed format consistent with FAR Part 42 requirements, and mitigate the risk of audit problems and issues.

The instructors will provide a detailed, step by step guide to the preparation and development of the Incurred Cost Submission ICS. It begins with an explanation of accounting requirements such as the rules for allowability and allocability required to facilitate the successful completion of an ICS. The workshop also analyzes the different types of indirect rate structures used by contractors and delineates how companies should develop and present indirect rate structures and claimed costs as a part of these submissions.
Through the use of a case study and exercise, workshop attendees will prepare and develop a company ICS. Students will learn critical data points, supporting documentation, and how to reduce audit risks when these submissions are reviewed. In addition, the workshop will cover the Incurred Cost Electronic model ICE, the electronic version of the model incurred cost proposal, and learn how it should be filed.

Whether you have been doing business with the Federal Government for many years or have just won your first contract award, you will be provided with the skills and tools that will help to ensure that your submission is accurate, adequate, and complete.

Materials include:

    • Course Manual

    • Federal Acquisition Regulation Desk Reference

    • Case Studies

Dates and Locations
February 3-4, 2015
Union League Club of Chicago
Chicago, IL
$1,295
March 4-5, 2015
Courtyard by Marriott Denver Downtown
Denver, CO
$1,295
July 20-21, 2015
The Westin Hilton Head Island
Hilton Head Island, SC, United States
$1,320
DAILY SCHEDULE
8:00 AM - 3:00 PM
Schedule for La Jolla, CA
8:00 AM - 3:00 PM
HIlton Head Government Contracting Week
9:00 AM - 4:00 PM
Schedule for Las Vegas & Washington DC

Workshop Curriculum

  1. Introduction and Overview: the Incurred Cost Submission (ICS)
    a. Purpose of the ICS
    b. When it is Required
    c. ICS Schedule Overview
    d. Understanding the Requirements of Different
    Contract Types
    e. Data Requirements for Different Functional Areas
  2. Understanding & Establishing an Indirect Rate Structure
    a. Direct & Indirect Costs
    b. Indirect Cost Pools & Allocation Bases
    c. Causal / Beneficial Relationships
    d. Examples / Indirect Cost Pools
    • Fringe
    • Overhead
    • G&A
    • Material / Subcontractor Handling.
    e. Intermediate Cost Pools & Service Centers
  3. Managing Indirect Rates
    a. Budgeting / Estimating for Growth
    b. Rate Monitoring and Management
    c. Modifying Provisional Rates
    d. Common Pitfalls to Avoid
    e. Changing your Rate Structure
  4. Cost Allowability and Allocability
    a. Understanding Unallowable Costs
    b. FAR Part 31
    c. Overview of Allocability
    d. Reasonable Tests
    e. Consistent Treatment of Costs
  5. ICS Schedule Analysis
    a. Schedules H, K & I – the Critical Schedules
    • Actual Incurred Costs by Contract
    • Hours Incurred by Labor Category for T&M Contracts
    • Billed Costs vs. Incurred Costs
    b. Schedules B, C & D – Final & Intermediate
    Cost Pools
    c. Schedule E – Establishing the Allocation Bases
    d. Schedule F – Facilities Capital Cost of Money
    e. Schedule J – Finalizing Subcontractor Cost Data
    f. Schedule L – Validating Labor
    g. Schedule O – Contract Closeouts
    h. Schedule T – Executive Compensation
    i. Additional / Supplemental Schedules
  6. The ICS Case Study
    a. Reviewing Incurred Costs by Contract
    b. Data from your Accounting System
    c. Additional Job Cost Records
    d. Establishing Cost Pools and Bases
    e. Excluding Unallowable Costs
    f. Setting Up Schedules H&K
    g. Schedule I
    h. Review of Additional Data Points to Support all
    Remaining Schedules
  7. Preparing & Submitting the ICS
    a. Step by Step Guide
    b. Schedule Analysis
  8. Preparing & Submitting the ICE
    a. Electronic Version
    b. User-Friendly Submission Package
    c. An Adequate Submission
  9. Relevant Historical Data
    a. When No Data Exists
    b. Contracting Officer Authority
    c. Penalties for Mischarging
  10. ICS Audits
    a. Audit Evaluation
    b. Contract Costs
    c. Direct Costs
    d. Indirect Costs
    e. Overhead Costs
    f. G&A Expenses
    g. Facilities Capital Cost of Money

Chad Braley

Chad Braley is the CEO and Managing Director of Capital Edge Consulting, Inc. in Reston, VA.

His areas of expertise include cost accounting and indirect rates, proposal development, contracts management and administration, DCAA audit and non-compliance expertise, ERP implementation support, training, Federal Acquisition Regulations (FAR) and Cost Accounting Standards (CAS) compliance support. 

Mr. Braley's experience also includes providing full contract lifecycle support, from acquisition phase identification and proposal development, to contract closeout assistance. While in industry, Chad managed a wide array of contract types, including cost plus fixed fee (CPFF), cost plus award fee (CPAF), firm fixed price (FFP), and time and material (T&M), both at a prime and subcontract level. In addition to managing these contracts, he was responsible for developing proposals, negotiating contracts, and overseeing the invoicing of all contracts. 

Mr. Braley teaches numerous training courses for Federal Publication Seminars, including A Practical Guide to the Incurred Cost Submission and A Manager's Guide to EVMS. Mr. Braley has lectured at NCMA's World Congress and performs compliance webinars for multiple software companies.

Mr. Braley graduated from the Williams School of Commerce at Washington and Lee University with a Bachelor of Science in Commerce, with a Business Administration major

MEET YOUR CONTINUING EDUCATION CREDIT REQUIREMENTS
SEE INDIVIDUAL COURSES FOR AVAILABLE CREDITS
Certificates of Completion are provided to all seminar participants who attend Federal Publications Seminars courses following the event, upon request.
NCMA: CONTRACT MANAGER CERTIFICATION
All Federal Publications Seminars courses meet the course requirements of the National Contract Management Association’s certification programs. We are a proud Education Partner of the NCMA.
CPE: CONTINUING PROFESSIONAL EDUCATION
Federal Publications Seminars is part of West Professional Development, which is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
CPE HOURS
This Program is eligible for: 13.0 (CPE) hours of credit
Program Level: Basic
Program Prerequisite: None
Advance Preparation: None
Method: Group-Live
CLP: CONTINUOUS LEARNING POINTS
APPROVED FOR CLP BY
DEFENSE ACQUISITION UNIVERSITY
Defense Acquisition Workforce members must acquire 80 Continuous Learning Points (CLP) every two years from the date of entry into the acquisition workforce for as long as the member remains in an acquisition position per DoD Instruction 5000.66. We will provide you with documentation of points awarded for completing the event.
CLP HOURS
This Program is eligible for: 11.0 (CLP) hours of credit
CLE: CONTINUING LEGAL EDUCATION
States have widely varying regulations regarding MCLE credit. LegalEdcenter is an approved provider in AL, AK, AR, CA, GA, IL, ME, MO, MS, NC, ND, NE, NH, NJ, NM, NV, NY, OH, OK, PA, RI, SC, TN, TX, UT, VA, VI, VT, WA, WI, and WV. Credit may be applied for in other jurisdictions on request and in accordance with state MCLE rules.
CLE HOURS
This Program is eligible for: 11.0 (60 minutes), 13.0 (50 minutes)
Courtyard by Marriott Denver Downtown
934 16th Street Mall
Denver, CO 80202
303-571-1114
The Westin Hilton Head Island
2 Grasslawn Avenue
Two Grasslawn Avenue
Hilton Head Island, SC, United States 29928
8886278551
RESERVATIONS AT GROUP RATE
For guest room reservations, please call 843.681.4000 and reference “Federal Publications” to obtain the group rate of $228/night, plus a discounted resort fee of $8 (not reflected until check-out), plus taxes.  Guest rooms at the group rate will be available until June 19 2015, and are subject to availability.
RESERVATIONS AT GOVERNMENT PER DIEM
Please note that we have reserved a limited number of guest rooms at the government per diem, plus a discounted resort fee of $8 (not reflected until check-out), plus taxes. These rooms are limited to one attendee per qualifying company.  

Please call 843.681.4000 and reference “Federal Publications / Government Room Block” to obtain this special rate.  Guest rooms at the government rate will be available until June 19, 2015, and are subject to availability. You will be required to present a valid Government ID upon check-in to confirm use of the government rate.
TRAVEL INFORMATION
For guest room reservations, please call 843.681.4000 and reference “Federal Publications” to obtain the group rate of $228/night, plus a discounted resort fee of $8 (not reflected until check-out), plus taxes.  Guest rooms at the group rate will be available until June 19 2015, and are subject to availability.

Please note that we have reserved a limited number of guest rooms at the government per diem, plus a discounted resort fee of $8 (not reflected until check-out), plus taxes. These rooms are limited to one attendee per qualifying company.  

Please call 843.681.4000 and reference “Federal Publications / Government Room Block” to obtain this special rate.  Guest rooms at the government rate will be available until June 19, 2015, and are subject to availability. You will be required to present a valid Government ID upon check-in to confirm use of the government rate.
Union League Club of Chicago
65 W. Jackson Blvd
Chicago, IL 60604
312-692-2328
RESERVATIONS AT GROUP RATE
There is not a room block for this event.  Suggested nearby hotels:

Club Quarters Chicago, Central Loop
75 East Wacker Drive  Chicago, IL 60601
Tel:(312) 357-6400

Palmer House, a Hilton Hotel
17 East Monroe Street Chicago, IL, 60603
Tel: 1-312-726-7500

Hotel Blake, Chicago
500 S. Dearborn St  Chicago, IL 60605
Tel:(312) 986-1234

TRAVEL INFORMATION
There is not a room block for this event.  Suggested nearby hotels:

Club Quarters Chicago, Central Loop
75 East Wacker Drive  Chicago, IL 60601
Tel:(312) 357-6400

Palmer House, a Hilton Hotel
17 East Monroe Street Chicago, IL, 60603
Tel: 1-312-726-7500

Hotel Blake, Chicago
500 S. Dearborn St  Chicago, IL 60605
Tel:(312) 986-1234

Register Now for:
A Practical Guide to the Incurred Cost Submission (ICS)
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Register Online
Date Location
February 3-4, 2015 Chicago, IL
March 4-5, 2015 Denver, CO
July 20-21, 2015 Hilton Head Island, SC, United States
By Phone
Call (888) 494-3696
By Fax
Download the registration form and
fax your completed application to
(202) 772-8298