Except with respect to firm fixed price Contracts, no Contract type shall be used unless it has been determined in writing by the Director of Purchasing that:
A. the proposed Contractor’s accounting system will permit timely development of all necessary Cost Data in the form required by the specific Contract type contemplated; and
B. the proposed Contractor’s accounting system is adequate to allocate costs in accordance with generally accepted cost accounting principles.
(Ord. 7741, passed 7-16-2019)