If a contractor performs cost reimbursable contracts subject to the Allowable Cost and Payment clause, the contractor is required to submit an incurred cost submission annually. The due date is 6 months after the close of the contractor’s accounting year. Most small businesses’ accounting year is December 31. In this case the due date is June 30. DCAA usually requires the incurred cost submission be submitted using their ICE model. It is complex. Contractors should provide for adequate time to meet this dead line. If you need an extension of time it is important to request an extension in advance with the contracting officer.
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