DCAA (Defense Contract Audit Agency) is trying to close out outstanding Incurred Cost Submissions (ICS) and if yours has not been submitted you are at RISK! A recent MRD states that in May 2016 DCAA will provide a list of delinquent contractors to the Defense Contract Management Agency (DCMA) for ICS Fiscal Years Ending (FYE) 2014 and older that do not have a valid extension.
So what happens if you’re on this list? Well, June 2016, if DCMA does not notify the DCAA of a valid extension or ongoing coordination that would authorize leaving the assignments open, …read more
Read more here:: Government Contracting