ICPro™ — Incurred Cost Proposals just got easier.
Reduce time, effort and error in your Incurred Cost Proposals with ICPro.
ICPro™ — Incurred Cost Proposals just got easier.
Faster. Easier. More accurate.
Baker Tilly is proud to introduce ICPro — a first-of-its-kind application designed to simplify the work of creating and processing Incurred Cost Proposals (ICPs) for government contract compliance, including addressing Defense Contract Audit Agency (DCAA) adequacy criteria. ICPro exists to maximize the accuracy and security of your ICP submissions while minimizing the time and energy spent doing so.
What are Incurred Cost Proposals?
Federal Acquisition Regulation (FAR) contract clause 52.216-7 requires all government contractors with flexibly priced contracts to prepare and submit an Incurred Cost Proposal within six months of the contractors’ fiscal year-end. An ICP is a complex set of schedules that details actual costs incurred during the fiscal year to finalize the indirect cost rates and update contract billing. The process for preparing ICPs can consume both time and resources, as each ICP requires contract-level financial data and attributes to populate the various schedules.
What is ICPro?
ICPro is an automated tool that guides government contractors through the ICP preparation process in a streamlined manner by using the required and optional structure within the users Deltek Costpoint accounting system. ICPro allows accounting or compliance leaders and their teams to quickly co-work on completing forms and upload data that will be utilized to complete the required ICP schedules, with an easy-to-understand Q&A format and walk-through process.
