McNew & Associates, Inc. Blog

Reminder: Provisional Billing Rates / Incurred Cost Submissions
March 21, 2012, 10:09 PM
Filed under: Uncategorized

For those of you with prime contracts containing the clause at FAR 52.216-7, you have an obligation to submit both your provisional billing rates and incurred cost submissions on a yearly basis. For provisional billing rates you are required to submit within 90 days of your fiscal year end. For those of you with a standard calendar December 31st year end,  your provisional rate submission is due to DCAA by march 31st… so you are running out of time! For incurred cost, this clause requires you to submit your incurred cost submission within 6 months of your fiscal year end, so the December 31st fiscal year end submission is due June 30th… you better get started!  Consider this your one and only reminder!


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