ICE, or Incurred Cost Submission, is mandatory for federal cost-reimbursable or T&M contracts. These submissions reconcile provisional indirect rates with actual costs, ensuring accurate reimbursement and compliance with Federal Acquisition Regulations (FAR).

Requirement Government contracts, particularly those beyond Firm-Fixed-Price (FFP) agreements, are often funded incrementally, with specific allocations for Tasks and/or Contract Line Item Numbers (CLINs). These contracts come with stringent requirements for notifying contracting officers as expenditures approach predetermined thresholds. Accurate tracking and management of these financial flows are critical for compliance and effective contract administration. […]