The Allowable Cost and Payment clause (FAR 52.216-7) requires contractors with cost-reimbursement contracts or time-and-materials contracts (other than a contract for a commercial item) to submit an adequate final incurred cost proposal within six months after the end of their fiscal year. In submitting an incurred cost proposal, it is important to provide accurate supporting schedules as well as a signed "Certificate of Indirect Costs." Failing to provide an adequate submission by the due date can result in DCAA recommending to the Contracting Officer a unilateral determination on the contractor's final indirect cost rates. Learning objectives of this webinar include:  What is an ICS?  How do I prepare for an ICS?  How is the ICS evaluated?  How do I prepare for an ICS audit? Speaker: Stephanie James, Compliance Consultant, PCI