FMT RFP Attachment 07 SF 1408.pdf
PDF 572 KB Posted
- Attached to
- FMT DRAFT RFP Request for Feedback
- Solicitation number
- W900KK25RA0003_Draft
About this file
This is a Standard Form (SF) 1408 Preaward Survey of Prospective Contractor Accounting System Checklist, which is Attachment 7 to solicitation W900KK25RA003. The form is used to evaluate whether a prospective contractor's accounting system meets federal contracting requirements.
The checklist contains 15 key evaluation criteria across 5 main categories, including whether the accounting system follows generally accepted accounting principles, proper segregation of direct and indirect costs, financial information requirements, pricing capabilities, and operational status. The form requires yes/no/N/A responses for each criterion and includes space for detailed narrative explanations on page 2 to describe how the contractor's accounting system supports each requirement. Key areas assessed include cost segregation, labor distribution, timekeeping systems, contract cost tracking, and compliance with FAR cost principles.
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Text version
Attachment 7 Solicitation #: W900KK25RA003
DCMA Standard Form (SF) 1408 Page 1 of 2
Preaward Survey of Prospective Contractor Accounting System Checklist
Instructions:
1. Please refer to the instructions for filling out this form provided at the bottom of this document.
2. Mark “X” in the appropriate column.
3. On Page 2 provide a narrative describing how the current accounting system supports your response to each item.
Yes No N/A Note
1. Is the accounting system in accord with generally accepted accounting principles?
2. ACCOUNTING SYSTEM PROVIDES FOR:
a. Proper segregation of direct costs from indirect costs. 2
b. Identification and accumulation of direct costs by contract. 3
c. A logical and consistent method for the allocation of indirect costs to intermediate and final cost objectives. (A contract is final cost objective)
d. Accumulation of costs under general ledger control. 5
e. A timekeeping system that identifies employees’ labor by intermediate or final cost objectives.
f. A labor distribution system that charges direct and indirect labor to the appropriate cost objectives.
g. Interim (at least monthly) determination of costs charged to a contract through routine posting of books of account.
h. Exclusion from costs charged to government contracts of amounts which are not allowable in terms of FAR 31, Contract Cost Principles and Procedures, or other contract provisions.
i. Identification of costs by contract line item and by units (as if each unit or line item were a separate contract) if required by the proposed contract.
j. Segregation of preproduction costs from production costs 11
3. Accounting system provides financial information:
a. Required by contract clauses concerning limitation of cost (FAR
52.232-20 and 21) or limitation on payments (FAR 52.216-16).
b. Required to support requests for progress payments. 13
4. Is the accounting system designated, and are the records maintained in such a manner that adequate, reliable data are developed for use in pricing follow-on acquisitions?
Attachment 7 Solicitation #: W900KK25RA003
DCMA Standard Form (SF) 1408 Page 2 of 2
Yes No N/A Note
5. Is the accounting system currently in full operation? (If not, describe in
Page 2 narrative which portions are (1) in operation, (2) set up, but not yet in operation, (3) anticipated, or (4) nonexistent.) Do you currently have existing contracts with the U.S. Government?
Instruction: Use this section to explain how the current accounting system supports your response to each item. If a response is N/A provide further explanation. Use as much space as needed. Provide references to current policies and procedures if applicable.
Note Narrative
File details come from the government source that posted it. Updated .