Government Contractors with cost-type and time & material contracts containing the allowable cost and payment clause FAR 52.216-7 are required to prepare and submit an incurred cost submission in accordance with DCAA guidelines to DCAA and DCMA annually. The incurred cost submission is due 6 months after the close of your fiscal year. So, companies with calendar year-end submissions are due June 30, 2012. If you would like a quote on preparing your company’s incurred cost submission please feel free to call us at 978-957-9665 or e-mail us at pwitts@wittscpa.com.
Clause FAR (Federal Acquisition Regulation) 52.216-7 Requirements
