Question 1

What is an Incurred Cost Proposal (ICP)?

Accepted Answer

An Incurred Cost Proposal (ICP) is an annual submission required by FAR 52.216-7 for government contractors with cost-reimbursable, time-and-materials, or labor-hour contracts. It details actual indirect costs incurred during a fiscal year and proposes final indirect cost rates for DCAA audit.

Question 2

What schedules are required in an ICP?

Accepted Answer

A complete ICP typically includes 15+ schedules as outlined in FAR 52.216-7: Schedule A (Rate Summary), Schedule B (G&A Pool), Schedule C (Overhead Pools), Schedule D (Intermediate Pools), Schedule E (Allocation Bases), Schedule F (Cost of Money, if applicable), Schedule G (Reconciliation), Schedule H (Direct Costs by Contract), Schedule I (Cumulative Costs & Billings), and Schedules J through O covering subcontracts, T&M, payroll, decisions, certifications, and contract closing. The exact number of schedules varies by organization depending on cost structure, number of indirect pools, and contract types.

Question 3

How does GovConDash.ai automate the ICP process?

Accepted Answer

GovConDash.ai uses an 18-step computation pipeline to automatically generate all ICP schedules from your data. Enter your general ledger, chart of accounts, and contract data once, and the tool computes indirect rates to 4 decimal places, COM factors to 5 decimal places, and reconciles across all schedules automatically.

Question 4

What is the DCAA Adequacy Checklist?

Accepted Answer

The DCAA Adequacy Checklist (v3.4) contains 47 questions that DCAA auditors use to determine if an ICP submission is adequate for audit. GovConDash.ai integrates the full checklist with auto-population from generated data, progress tracking, and risk scoring.

Question 5

When is the Incurred Cost Proposal due?

Accepted Answer

Per FAR 52.216-7, contractors must submit their Incurred Cost Proposal within 6 months after the end of their fiscal year. For contractors with a December 31 fiscal year-end, the ICP is due by June 30 of the following year.

Question 6

What is CAS 410 and how does scenario modeling help?

Accepted Answer

CAS 410 governs the selection of allocation bases for indirect cost pools (TCI, Value Added, or Single Element). GovConDash.ai lets you model different base selections side-by-side, run target rate calculators, and see cascading G&A effects — helping you choose the most defensible and competitive allocation base.

Question 7

Is my data secure?

Accepted Answer

Yes. GovConDash.ai uses a zero-network architecture — all data stays in your browser's localStorage. No server calls, no cloud storage, no third-party dependencies.

Question 8

Can I import my existing ICE Model spreadsheet?

Accepted Answer

Yes. GovConDash.ai supports full auto-import from DCAA ICE Model .xlsm files. You can also import individual data types from any Excel file. Export generates multi-sheet Excel workbooks with number formatting, cross-sheet formula references, and named ranges.

Resources

User Manual

ICP Dashboard User Manual

Blog

ICP Dashboard Feature Overview

FAR & CAS Compliance Guide

G&A Indirect Rate Explained