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Except with respect to firm price contracts, no contract type shall be used unless it has been determined in writing by the County Executive 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.
(1980 Code, § 41.056) (Ord. 08-461, passed 11-20-2008)