What FAR Part 42 - Contract Administration and Audit Services (CAO, DCAA, Indirect Cost Rates, CPARS) requires
Federal Acquisition Regulation (FAR) Part 42 governs contract administration and audit services post-award: Subpart 42.1 designates the Defense Contract Audit Agency (DCAA) as the cognisant audit office for non-educational contractors with other agencies assuming cognisance by mutual agreement; Subpart 42.3 establishes contract administration offices (CAOs) with delegated authority for mandatory and optional functions under 42.302 - mandatory CAO functions include negotiating forward pricing rate agreements, establishing final indirect cost rates for qualifying contractors, determining Cost Accounting Standards adequacy, and determining accounting system adequacy; Subpart 42.5 prescribes postaward orientation - conference or letter format determined by contract complexity, value, and contractor experience, conducted promptly after award without altering negotiated terms; Subpart 42.7 governs indirect cost rates - DCAA audits indirect cost proposals (contractor submits within 6 months of fiscal year end), advance agreements under 31.109 establish cost treatment, billing rates are revised by mutual agreement or unilaterally by contracting officer when agreement cannot be reached, final indirect cost rates are determined by contracting officer for corporate entities or auditor for smaller business units; Subpart 42.13 covers suspension of work, stop-work orders, and Government delay of work with cost consequences flowing to the contractor under standard clauses; Subpart 42.15 implements CPARS (Contractor Performance Assessment Reporting System) under 42.1502 requiring performance evaluations on contracts and orders over USD 1,000,000 (lower for some agencies) submitted within 120 days of contract completion.
Pillar: Public Sector & Government Procurement · Authority: Federal Acquisition Regulatory Council (DOD, GSA, NASA) issuing the Federal Acquisition Regulation under 41 USC 1303 and 48 CFR Chapter 1; Defense Contract Audit Agency under DoD Directive 5105.36; Office of Federal Procurement Policy CPARS guidance under 41 USC 1126 · Version: 1.0.0 · Last updated:
Primary source: https://www.acquisition.gov/far/part-42
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Primary Citations — 6 traced to source
- FAR Part 42 Section 42.302(a) (Mandatory CAO functions): the CAO 'shall perform the following functions to the extent they are applicable to the contract' including negotiation of forward pricing rate agreements; establishment of final indirect cost rates and billing rates for those contractors meeting the criteria for contracting officer determination; CAS adequacy determinations; accounting system adequacy determinations - these functions cannot be retained by the buying activity except as specifically authorised.
- FAR Part 42 Section 42.705-1 (Contracting officer determination procedure): 'Used for the following entities: (1) Business units of a multidivisional corporation under the cognizance of a corporate administrative contracting officer authorized to negotiate corporate or group indirect cost rates...(2) Business units having primarily Government negotiated contracts...(3) Business units having a significant amount of cost-reimbursement contracts.'
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