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Code of Federal Regulations Title 48. Federal Acquisition Regulations System 48.232.503-15 Application of Government title terms

Current as of January 02, 2025 | Updated by Findlaw Staff

(d) An administrative contracting officer (ACO) determination that the contractor's material management and accounting system conforms to the system criteria at 252.242–7004(d)(7) constitutes the contracting officer approval requirement of FAR 32.503–15(d). Prior to granting blanket approval of cost transfers between contracts, the ACO should determine that—

(i) The contractor retains records of the transfer activity that took place in the prior month;

(ii) The contractor prepares, at least monthly, a summary of the transfer activity that took place in the prior month;  and

(iii) The summary report includes as a minimum, the total number and dollar value of transfers.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 48. Federal Acquisition Regulations System 48.232.503-15 Application of Government title terms - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-48-federal-acquisition-regulations-system/cfr-48-232-503-15/

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