Government contractors are required to submit an Incurred Cost Proposal annually, per the allowable cost and payment clause FAR 52.216-7, within 6 months after the end of their fiscalyear. The receipt of this incurred cost proposal by the audit office starts the audit process. The proposal should include a signed "Certificate of Indirect Costs" in accordance with FAR 42.703-2.
[A copy of this certificate may be found at FAR 52.242-4.]
The following are the required schedules for an Incurred Cost Proposal:
Supplemental model Incurred Cost Proposal information:
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