What is an Incurred Cost Proposal (ICP)?

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.

What schedules are required in an ICP?

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.

How does GovConDash.ai automate the ICP process?

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.

What is the DCAA Adequacy Checklist?

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.

When is the Incurred Cost Proposal due?

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.

What is CAS 410 and how does scenario modeling help?

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.

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.

Can I import my existing ICE Model spreadsheet?

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.

ICP Dashboard Scenario Modeling User Guide — What-If Rate Analysis

The ICP Dashboard's scenario modeling engine lets government contractors explore rate impacts before committing to a final incurred cost proposal. This guide walks through every tool in the scenario workspace — from basic what-if adjustments to advanced CAS 410 base comparisons and target rate reverse-solving — so you can submit a proposal backed by data-driven analysis.

Creating and Managing Scenarios

Each scenario starts as a snapshot of your current ICP data and rate structure. You can create unlimited named scenarios, each with its own set of cost adjustments and base selections. The guide covers how to initialize scenarios, rename them, duplicate configurations, and delete scenarios you no longer need — all without affecting your base proposal data.

What-If Rate Analysis & Cost Reclassification

Model cost movements between overhead, G&A, and intermediate pools to see how reclassifications ripple through your indirect rate structure. The scenario engine recalculates every schedule in real time as you adjust pool compositions, letting you find the optimal cost structure that maintains FAR 31.203 compliance while minimizing rate distortion across contracts.

CAS 410 Base Evaluation & Target Rate Calculator

Compare Total Cost Input (TCI), Value Added, and Single Element allocation bases with built-in CAS 410 compliance indicators and distortion warnings. The target rate calculator lets you set a desired indirect rate and reverse-solves for the exact pool or base amount required, showing how rate changes cascade through every schedule and contract.

Side-by-Side Comparison & Export

Compare up to three scenarios plus your base case in a unified view showing rate deltas, pool differences, and contract-level dollar impacts. Export comparison reports as PDF or Excel for stakeholder review, rate negotiation support, or DCAA audit documentation.

The interactive guide below walks through the ICP Dashboard's scenario modeling tools chapter by chapter, with annotated screenshots covering all 6 analysis tools, 3 allocation base types, and CAS 410 compliance workflows.