The Incurred Cost Submission is required annually of all cost reimbursable contracts pursuant to the "allowable cost and payment" clause of the Federal Acquisition Regulations (FAR 52.216-7). Submissions are audited on a regular basis.
As a Federal Contractor, would you survive a federal contract audit? Are you comfortable dealing with the various audit agencies and the plethora of reporting regulations and requirements? Are you willing to risk the discontinuance of payments, disallowance of all indirect costs, and even unfavorable government comments in connection with performance on future procurements?
MillerMusmar is standing by to assist you in all your federal government contract needs. Let us be your helping-hand for increased profits and reduced audit risks.