4.9C: Approved Accounting Systems
The Town may require the selected offeror have:
   1.   An accounting system that permits timely development of all necessary cost data in the form required by the specific contract type contemplated.
   2.   An adequate accounting system to allocate costs in accordance with generally accepted accounting principles.
   3.   An accounting system that retains records which may apply to the contract, or subcontract, for a period of three years from the date of the final payment under the prime contract, unless a shorter period is otherwise authorized in writing.