STAF_RFP_Attachment_10_SF 1408 Checklist.doc.docx
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- Solicitation number
- W900KK-20-R-0004
About this file
This document contains a checklist for preaward survey of a prospective contractor's accounting system. The checklist evaluates whether the accounting system is in accordance with generally accepted accounting principles and properly segregates direct and indirect costs, accumulates costs under general ledger control, and identifies costs by contract line item. It also assesses whether the system provides financial information as required by contract clauses concerning cost limitations and progress payments. The narrative section allows the contractor to explain how its current accounting system supports responses to each item and to provide further explanation for any items marked as not applicable.
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Text version
Preaward Survey of Prospective Contractor Accounting System Checklist
Instructions:
1. Mark “X” in the appropriate column.
2. On Page 2 provide a narrative describing how the current accounting system supports your response to each item.
Contractor Name:
Point of Contact:
CAGE Code:
DUNS Code:
| 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.
b. Identification and accumulation of direct costs by contract.
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.
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.
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.
4. Is the accounting system designed, and are the records maintained in such a manner that adequate, reliable data are developed for use in pricing follow-on acquisitions?
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.)
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 .