§ 2-1207. Approval of accounting system.

Under this article, except for firm fixed-price contracts, no contract type shall be used unless it has been determined in writing by the chief procurement officer, after consultation with the chief financial officer, that:

(1)

The proposed contractor's accounting system will permit timely development of all necessary cost data in the form required by the specified contract type contemplated; and

(2)

The proposed contractor's accounting system is adequate to allocate costs in accordance with generally accepted accounting principles.

(Ord. No. 2009-78(09-O-1876), § 4, 12-15-09)