Question
Your boss has asked you to determine contractor responsibility on a contract that is going to include progress payments. In addition to Federal Acquisition Regulation
Your boss has asked you to determine contractor responsibility on a contract that is going to include progress payments. In addition to Federal Acquisition Regulation (FAR) standards of contractor responsibility, the Defense Federal Acquisition Regulation Supplemental (DFARS) requires that the contractor's accounting system must meet what standard?
Records the dollars subcontracted to small business
Determines the reasonableness of cost incurred
Minimizes the risk of cost misallocations and mischarges
Tracks profit associated with the contract
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