The annual incurred cost proposal (ICP) is no small task for government contractors. With 23+ tabs in an Excel file and many supporting documents, the ICP is often a weeks long project. We find that a significant portion of time required to complete the ICP is the gathering of documents, researching variances, and answering questions. Think of the ICP like a tax return for your government contracts. Your tax preparer sends you a list of necess...

Proposal pricing is key to winning government contracts and executing them with maximum profitability. This webinar focuses on the completeness of direct costs and the accuracy of indirect rates. We'll discuss three types of budgets, their relationship to indirect rates, and how they affect each other. We'll share our three-step process for preparing budgets and explain when budgets and indirect rates must be updated as part of the proposal pr...

Most fixed asset and depreciation tasks are common across companies of all types and sizes. Companies need to track assets for insurance and liability concerns whether or not the asset is depreciated or even owned by the organization. Accurate fixed asset listings are necessary to support the balance sheet and ensure the proper calculation of depreciation for book and tax purposes. Government contractors encounter unique issues when buying pr...