What is the closeout time standard for a firm-fixed-price contract that does not use simplified acquisition procedures?
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Question:
What is the closeout time standard for a firm-fixed-price contract that does not use simplified acquisition procedures?
1) Within six months after the date evidence of physical completion is received by the contracting officer
2) Within three years of the month in which the CO receives evidence of physical completion or
3) When the CO receives evidence of receipt of property and final payment
Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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