Cumulative Allowable Cost Worksheet

Cumulative Allowable Cost Worksheet

This worksheet is a primary document/tool used by DCAA and DCMA (ACO) to closeout contracts. This document combines aspects of the Incurred Cost Submission schedules, I and O capturing information that can streamline the closeout process. With this document the government is able to see the total (Cumulative) allowable costs on a contract, taking into consideration contract and allowable restrictions. This document is prepared after the audit of the incurred cost submission, and as such reflects settled direct and indirect costs by Fiscal Year. The document also indicates which contracts are ready to close, information captured off of the Schedule O.

In summary, the CACWS:

• Is a primary tool utilized by DCAA and DCMA ACO's and others to close contracts
• Uses data from the Incurred Cost Submissions
  • Schedule I
  • Schedule O
• Reflects final settled rates. (The CACWS is not prepared until the completion of a Incurred Cost Submission audit). Each year, the prior year (FY) document is updated to reflect the most current audited informaiton.
• Breaks out costs and fee
• Identifies subcontracts