Weekly Email
Schedule
Contact
Cart
Login
Corporate Solutions
Corporations
FPS Corporate Solutions
empower prime and subcontractor organizations to take a more strategic and planned approach to the critical task of government contract compliance training.
Government Agencies
Invest in your agency's success with
FPS Corporate Solutions
government contracts training. We'll equip your team with the essential skills and knowledge to navigate complex regulations.
Small Businesses
FPS Corporate Solutions
for Supply Chain and Small Businesses provides industry-leading training at a low price for SBA 8(a), Native American, VOSB, HubZONE, and International Concerns.
Non-Profits
FPS Corporate Solutions
can package training for contract managers, grants administrators, attorneys, finance and more for research institutions, universities, and state governments.
Products
Events
Spend 1 to 5 days immersed in government contracting topics and networking.
Classroom Courses
Scheduled year-round, these courses offer you a hands-on way to learn.
Virtual Courses
Attend courses live in a virtual classroom providing real-time interaction with instructors.
Webinars
FPS Webinars bring you quality training in an easily digestible 1- 2-hour webinar format.
Certificate Programs
Build expertise in specialized areas - update your professional profile; advance your career.
Custom In-House
Bring training onsite for your team for a completely relevant and focused course experience.
Learning Resources
Connect
A repository of "just-in-time" informal learning resources critical to the government contractor.
How Can We Help?
Find answers to the most commonly asked questions right here.
Learning Paths
Career growth and excellence depend on continuous development. FPS provides learning paths for federal contractors of all levels.
Customer Stories
FPS empowers thousands of customers with high-quality, impactful, and effective learning experiences. Hear what they're saying.
Credentialing
Accreditation
Federal Publications Seminars offers Continuing Legal Education (CLE) credit US states that have mandatory CLE requirements, along with Continuing Professional Education (CPE) / NASBA credit. In addition, we are a provider of CLP credit, required by the Defense Acquisition Workforce.
Digital Badging
Digital badging is a modern way to display your achievements. FPS has partnered with Credly to provide you with a digital version of your credentials. You can earn FPS/Credly Digital Badges for select FPS courses and ALL FPS Certificate programs.
CMBOK
FPS proudly embraces the National Contract Management Association's (NCMA) ANSI Approved Contract Management Standard™ (CMS™) and the Contract Management Body of Knowledge (CMBOK®) as the cornerstone for hiring, career development, and training of contract management professionals.
Company
About Us
FPS offers the highest quality government contracts training in the industry - to help organizations stay current, compliant, and competitive.
Sponsorship
Partner with FPS to expose your brand, industry knowledge, and thought leadership to our government contracting professional communities.
Who We Work With
FPS serves government contractors, government agencies, accounting & consulting firms, non-profits, and more.
Newsroom
News and press releases from around the Federal Publications Seminars world.
Subscribe
Professional
Premium
OnePass
Unlimited access to all webinars, and more
for 1 year.
(12 months from the date of purchase)
Unlimited access to ALL FPS Online content including virtual courses, webinars and more
for 1 year.
(12 months from the date of purchase)
Unlimited access to ALL classroom and virtual courses, events, webinars, certificates and more
for 1 year.
(12 months from the date of purchase)
$895.00
/ year / person
Learn More
Group Quote
$2,195.00
/ year / person
Learn More
Group Quote
$3,195.00
/ year / person
Learn More
Group Quote
Professional
Unlimited access to all webinars, and more
for 1 year.
(12 months from the date of purchase)
$895.00
/ year / person
Learn More
Group Quote
Premium
Unlimited access to ALL FPS Online content including virtual courses, webinars and more
for 1 year.
(12 months from the date of purchase)
$2,195.00
/ year / person
Learn More
Group Quote
OnePass
Unlimited access to ALL classroom and virtual courses, events, webinars, certificates and more
for 1 year.
(12 months from the date of purchase)
$3,195.00
/ year / person
Learn More
Group Quote
Schedule
Contact
Cart
Login
Sign Up For Our Weekly Emails
Get the latest updates on special offers, courses, events, webinars and books from Federal Publications Seminars.
First Name
Last Name
Email
Phone
Title
Organization
Areas of Interest
Accounting, Costs and Pricing
Advanced Topics
Artificial Intelligence
Business Development
Compliance
Construction Contracting
Cybersecurity
FAR
Government Contracting
Grants
Intellectual Property
International Contracting
Personal Development
Small & Medium Businesses
Subcontracting
Sign Up
Thank You
You'll soon be receiving updates about special offers, events, & more.
Get 10% Off Your Next Purchase
Sign Up For Our Emails
Email
Name
Title
Organization
Sign Up
Thank You
You'll soon be receiving updates about special offers, events, & more.
Cart
Home
>
Resources
>
Connect
>
Browse
>
Job Aides
Acronym of the Week - ICS
Share This
Jan 30, 2025
An incurred cost submission (ICS) is a proposal that federal government contractors submit annually to claim reimbursement for allowable costs. The ICS is also known as an incurred cost proposal (ICP) or indirect cost rate proposal (ICRP).
When and who must submit an ICS?
Federal contractors with flexibly priced contracts or subcontracts that contain the Allowable Cost and Payment clause (FAR 52.216-7) must submit an ICS
The ICS is due six months after the end of the contractor's fiscal year
What's included in an ICS?
Schedules J and K, which list subcontracts and summarize labor-hour and T&M contracts
What's the purpose of an ICS?
To ensure that contractors are reimbursed for allowable costs
To ensure that costs charged to government contracts are reasonable and allowable
