Except with respect to firm fixed price agreements, no agreement type shall be used unless it has been determined in writing by the Purchasing Agent, or designee, that:
A. The proposed contractor's accounting system will permit timely development of all necessary cost data in the form required by the specific agreement type contemplated; and
B. The proposed contractor's accounting system is adequate to allocate costs in accordance with generally accepted cost accounting principles. (Ord. 17-14)