Our recent episode of the Fed Talks podcast discusses the purpose of incurred cost proposals.
On our second installment of our Fed Talks miniseries: But why?, we discuss the purpose of incurred cost proposals (ICPs) with Baker Tilly subject matter specialist Drew Lewis. Questions addressed include:
• What is an ICP and when are contractors required to prepare them?
• How can contractors ensure that submitting an ICP is as simple as possible?
• What types of changes are expected to be made to the ICP process?