FAR 4.704 Calculation of retention periods
Section Federal Acquisition Regulation
Facts
- Citation
- FAR 4.704
- Type
- Section
- Last amended
- 75 FR 53135 Effective Oct 1, 2010
- Text as of
- FAC 2026-01
- Official text
- acquisition.gov
Text from acquisition.gov. Federal Register history from the Federal Register's records of the rules that amended this section.
Text
(a) The retention periods in 4.705 are calculated from the end of the contractor’s fiscal year in which an entry is made charging or allocating a cost to a Government contract or subcontract. If a specific record contains a series of entries, the retention period is calculated from the end of the contractor’s fiscal year in which the final entry is made. The contractor should cut off the records in annual blocks and retain them for block disposal under the prescribed retention periods.
(b) When records generated during a prior contract are relied upon by a contractor for certified cost or pricing data in negotiating a succeeding contract, the prescribed periods shall run from the date of the succeeding contract.
(c) If two or more of the record categories described in 4.705 are interfiled and screening for disposal is not practical, the contractor shall retain the entire record series for the longest period prescribed for any category of records.
Federal Register history
| Final rule | Published | Effective |
|---|---|---|
| Federal Acquisition Regulation; Definition of Cost or Pricing Data |
Sections cited
- FAR 4.705 Specific retention periods
Quick answers
What is FAR 4.704?
FAR 4.704 is a section of the Federal Acquisition Regulation, titled "Calculation of retention periods".
When was FAR 4.704 last changed?
The most recent final rule on record is "Federal Acquisition Regulation; Definition of Cost or Pricing Data" (75 FR 53135), published Aug 30, 2010 and effective Oct 1, 2010.
Are changes to FAR 4.704 proposed?
No proposed rule from the last 3 years is waiting on a final rule.
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