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]
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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
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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
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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
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]]>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
