Fed Talks: Incurred cost proposals … but why?

Fed Talks is a series of audio episodes featuring current issues in government contracting, offering thoughtful, bite-sized insights with rotating guests from inside and outside Baker Tilly.

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?

Connect with us to hear more from our government contractor advisory team.

About the guest

Drew Lewis, Senior Manager, CPA, CFE
Drew Lewis is a CPA and a CFE and has worked in government contracting for over ten years. Drew has worked with many contractors, providing various types of audit functions throughout the contracting lifecycle. He has broad knowledge of rules and regulations surrounding the FAR, DFARS, CAS and TINA.

About the producer

Andrew Graziano, Senior Consultant
Andrew has been with Baker Tilly for over four years and has spent that time working with government contractors on a wide variety of compliance matters. In particular, Andrew has experience with incurred cost proposals, indirect rate modeling, business systems implementation, cost impact analysis and commercial sales practice disclosures. In his spare time, he produces and edits this Fed Talks podcast.

Music Credit
Artist: Chael
Song: Sparks
https://www.free-stock-music.com/artist.chael.html