Life Cycle of an Indirect Cost Rate Proposal Virtual

4 Sessions

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This 2 day virtual course will be an depth discussion on the ICP.The course topics will include discussions around the regulations within the FAR clauses, CAS and DFARs that are applicable.You will learn about the government’s administration and oversight of ICPs and responsibilities of both the DCMA and DCAA,the use of IPA’s for auditing.

Attendees will walk away with understanding of the alternative risk strategies,actions to take after an ICP submission and how to prepare for a government audit. Learn how to get to a quick close out final rate as well as understanding the statute of limitations on ICP. During the audit process, learn how to anticipate the inquiries and challenges and how to best respond and communicate.

At the end of the program, you should be prepared - and have answers to questions such as:

What are my alternative risk strategies I can employ?
How do I best anticipate and prepare for the ICP audit?
What are the alternative rate settlement procedures?
What are the limitations to ICPs?
What are typical audit issues I can expect from the DCAA?
How do I respond to the draft audit results?
What are the issues around contract closeout that I should be aware of?

Learning Objectives:
At the completion of this course, you will be able to:

Identify the FAR related clauses and sections
Identify the related CAS Standards
Create a listing of responsible agencies and their roles
Identify and respond properly to an audit
Correct errors and omissions effectively
Determine final rates in a quick close situation
Respond effectively to an audit notification
Correctly identify an audit’s scope
Effectively determine cost allowability based on a DCAA Audit
Identify the steps in a timely audit response including addressing an auditor’s concerns

On-Demand Sessions

Life Cycle of an Indirect Rate Cost Proposal Virtual - March 2023 - Session 1

This 2 day program will be an depth discussion on the ICP.The program topics will include discussions around the regulations within the FAR clauses, CAS and DFARs that are applicable. You will learn about the government's administration and oversight of ICPs and responsibilities of both the DCMA and DCAA,the use of IPA's for auditing.

Life Cycle of an Indirect Rate Cost Proposal Virtual - March 2023 - Session 2

Life Cycle of an Indirect Rate Cost Proposal Virtual - March 2023 - Session 3

Life Cycle of an Indirect Rate Cost Proposal Virtual - March 2023 - Session 4

In-House

Bring Federal Publications Seminars to your location! If you would like to offer this course in-house, please contact us.

Schedule Training

Fill out this form and someone from FPS will contact you shortly. You can fill out as much or as little information as you would like. Prefer to talk to us? Call 888.865.9082.