Cost & Pricing
What is ICE?
Incurred Cost Electronically
ICE is the DCAA-provided model and format for a contractor's annual incurred-cost submission — the year-end accounting of actual direct and indirect costs used to settle cost-reimbursable contracts. It reconciles claimed costs to the books and supports final rate negotiation.
ICE submissions are due within six months of fiscal year-end for affected contractors and feed DCAA's incurred-cost audits.
Common questions
Who has to submit an incurred cost proposal?
Contractors with flexibly-priced (cost-reimbursable or T&M) contracts must submit an annual incurred-cost proposal, commonly using the DCAA ICE model, to true up actual costs and rates.