Fisheries of the Caribbean, Gulf of Mexico, and South Atlantic; Electronic Reporting for Federally Permitted Charter Vessels and Headboats in Gulf of Mexico Fisheries, 55850 [C1-2018-23348]

Download as PDF 55850 Federal Register / Vol. 83, No. 217 / Thursday, November 8, 2018 / Proposed Rules plus-a-percentage of cost. Any costs incurred by the Contractor as a result of such a subcontract shall not be included in the cost of the construction work or the final settlement. (n) Open Book Access. (1) At any time prior to converting to firm-fixed-price, the Government and its representatives, including designated auditors and accountants, shall have the right, but not the obligation, to attend any and all project meetings and shall have access to any and all records maintained by the Contractor relating to the contract. The Contractor shall include this requirement for open book access by the Government in its subcontracts for the contract. (2) After converting to firm-fixed-price, the Government maintains the right to examine records under GSAR Clause 552.215–70. (o) Termination. If this Contract is terminated, the Contractor shall not be entitled to a shared savings incentive. (p) The contractor agrees to incorporate the substance of this clause in all subcontracts under this contract. (End of Clause) 552.236–80 Accounting Records and Progress Payments. As prescribed in 536.7107(b), insert the following clause: daltland on DSKBBV9HB2PROD with PROPOSALS Accounting Records and Progress Payments (Date) (a) The Contractor shall keep full and detailed accounts and exercise such controls as may be necessary for proper financial management under this contract. The Contractor’s accounting and control systems shall meet Generally Accepted Accounting Principles (GAAP) and provide for the following: (1) There is proper segregation of direct costs and indirect costs. (2) There is proper identification and accumulation of direct costs by contract. (3) There is a labor time distribution system that charges direct and indirect labor appropriately. (b) The Contractor shall afford access to and shall permit any authorized representatives of the Government to audit, examine and copy any records, documents, books, correspondence, instructions, drawings, receipts, subcontracts, purchase orders, vouchers, memoranda, and other data relating to this contract. Records subject to audit, examination, and copying shall include those records necessary to evaluate and verify all direct and indirect costs, including overhead and payroll tax and fringe benefit allocations, as they may apply VerDate Sep<11>2014 16:15 Nov 07, 2018 Jkt 247001 to costs associated with the contract. The Contractor shall preserve these records for a period of three years after the final payment, or for such longer period as may be required by law. (c) The records identified in paragraphs (b) of this clause shall be subject to inspection and audit by the Government or its authorized representative for, but limited to, evaluating and verifying the following: (1) Contractor compliance with contract requirements. (2) Compliance with pricing change orders, invoices, applications for payment, or claims submitted by the contractor or any of its subcontractors at any tier, including vendors and suppliers. (d) If requested by the Government, the Contractor shall promptly deliver to the Government or its designee copies of all records related to the contract, in a form acceptable to the Government. The Contractor shall provide to the Government or its authorized representative such records maintained in an electronic format in a computer readable format on data disks or suitable alternative computer data exchange formats. (e) The Government shall have access to the Contractor’s facilities, shall be allowed to interview all current and former employees to discuss matters pertinent to the contract, and shall be provided adequate work space, in order to conduct audits and examinations. (f) If any audit or examination of the Contractor’s records discloses total findings resulting in overpricing or overcharges by the Contractor to the Government in excess of one-quarter percent of the total contract billings, the Contractor shall immediately reimburse the Government for the overcharges. The Contractor shall also reimburse the Government for the costs of the audit unless otherwise agreed to by the Government and the Contractor. (g) The Government shall be entitled to audit all modifications, including lump-sum modifications, to determine whether the proposed costs, as represented by the Contractor and any of its subcontractors, are in compliance with the contract. If it is determined that the costs proposed under a modification, including lump-sum modifications, are not in compliance with the contract, the Government reserves the right to adjust the amount previously approved and included in the modification. (h) If the Contractor fails to comply with any conditions in this clause, the Contracting Officer may retain a maximum of 10 percent of the amount of each payment request submitted until such deficiencies are corrected. (i) These requirements regarding accounting records shall not mitigate, lessen PO 00000 Frm 00026 Fmt 4702 Sfmt 9990 nor change any other requirements in the contract regarding audits, payment submissions, records, or records retention. (j) The contractor agrees to incorporate the substance of this clause in all subcontracts under this contract. [FR Doc. 2018–24282 Filed 11–7–18; 8:45 am] BILLING CODE 6820–61–P DEPARTMENT OF COMMERCE National Oceanic and Atmospheric Administration 50 CFR Part 622 [Docket No. 180212157–8897–01] RIN 0648–BH72 Fisheries of the Caribbean, Gulf of Mexico, and South Atlantic; Electronic Reporting for Federally Permitted Charter Vessels and Headboats in Gulf of Mexico Fisheries Correction In proposed rule document 2018– 23348, appearing on pages 54069 through 54079, in the issue of Friday, October 26, 2018, make the following corrections: § 622.26 Recordkeeping and reporting [Corrected]. * * * * * D 1. On page 54076, in the third column, in the thirty-ninth line, the entry ‘‘(b)(5)(iii)(D)’’ should read ‘‘(b)(5)(ii)(D)’’. D 2. On page 54076, in the third column, in the sixty-fifth line, the entry ‘‘(b)(5)(iii)(A)’’ should read ‘‘(b)(5)(ii)(A)’’. D 3. On page 54077, in the first column, in the second line, the entry ‘‘(b)(5)(iii)(C)’’ should read ‘‘(b)(5)(ii)(C)’’. D 4. On page 54077, in the first column, in the eleventh line, the entry ‘‘(b)(5)(iii)(B)’’ should read ‘‘(b)(5)(ii)(B)’’. * * * * * [FR Doc. C1–2018–23348 Filed 11–7–18; 8:45 am] BILLING CODE 1301–00–D E:\FR\FM\08NOP1.SGM 08NOP1

Agencies

[Federal Register Volume 83, Number 217 (Thursday, November 8, 2018)]
[Proposed Rules]
[Page 55850]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: C1-2018-23348]


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DEPARTMENT OF COMMERCE

National Oceanic and Atmospheric Administration

50 CFR Part 622

[Docket No. 180212157-8897-01]
RIN 0648-BH72


Fisheries of the Caribbean, Gulf of Mexico, and South Atlantic; 
Electronic Reporting for Federally Permitted Charter Vessels and 
Headboats in Gulf of Mexico Fisheries

Correction

    In proposed rule document 2018-23348, appearing on pages 54069 
through 54079, in the issue of Friday, October 26, 2018, make the 
following corrections:


Sec.  622.26  Recordkeeping and reporting [Corrected].

* * * * *

[ssquf] 1. On page 54076, in the third column, in the thirty-ninth 
line, the entry ``(b)(5)(iii)(D)'' should read ``(b)(5)(ii)(D)''.

[ssquf] 2. On page 54076, in the third column, in the sixty-fifth line, 
the entry ``(b)(5)(iii)(A)'' should read ``(b)(5)(ii)(A)''.

[ssquf] 3. On page 54077, in the first column, in the second line, the 
entry ``(b)(5)(iii)(C)'' should read ``(b)(5)(ii)(C)''.

[ssquf] 4. On page 54077, in the first column, in the eleventh line, 
the entry ``(b)(5)(iii)(B)'' should read ``(b)(5)(ii)(B)''.
* * * * *
[FR Doc. C1-2018-23348 Filed 11-7-18; 8:45 am]
BILLING CODE 1301-00-D