CONTRACT ADMINISTRATION REQUIREMENTS Clause Samples
The "Contract Administration Requirements" clause defines the procedures and responsibilities for managing and overseeing the execution of the contract. It typically outlines the roles of key personnel, reporting obligations, documentation standards, and communication protocols between the parties. For example, it may specify who is authorized to approve changes, how progress is to be tracked, and what records must be maintained. This clause ensures that both parties have a clear framework for administering the contract, reducing misunderstandings and promoting efficient project management.
CONTRACT ADMINISTRATION REQUIREMENTS. The Contractor agrees to administer this Contract in compliance with either OMB Common Rule (Circular A-102) or OMB Circular A-110 depending upon the legal status of the Contractor as shown in Table 1. Financial management, procurement, and affirmative step requirements specify that:
1. The Contractor must have fiscal control and accounting procedures sufficient to: a. permit preparation of reports required by this Contract, and b. permit the tracing of funds to a level of expenditures adequate to establish that such funds have not been used in violation of the restrictions and prohibitions of applicable statutes.
2. The Contractor's financial management systems must meet the following standards:
a. Financial reporting. Accurate, current, and complete disclosure of the financial results of financially assisted activities must be made in accordance with the financial reporting requirements of this Contract.
CONTRACT ADMINISTRATION REQUIREMENTS. This section describes all the administration requirements for the entire duration of the Master Contract and any task orders awarded under the Master Contract. Failure to meet contract administration requirements may result in activation of Dormant Status and/or Off-Ramping (see Sections H.12 and H.13).
CONTRACT ADMINISTRATION REQUIREMENTS. The Contractor agrees to administer this Contract in compliance with 2 CFR Part 200. Financial management, procurement, and affirmative step requirements specify that:
1. The Contractor must have fiscal control and accounting procedures sufficient to: a. permit preparation of reports required by this Contract, and b. permit the tracing of funds to a level of expenditures adequate to establish that such funds have not been used in violation of the restrictions and prohibitions of applicable statutes.
2. The Contractor's financial management systems must meet the following standards:
a. Financial reporting. Accurate, current, and complete disclosure of the financial results of financially assisted activities must be made in accordance with the financial reporting requirements of this Contract.
CONTRACT ADMINISTRATION REQUIREMENTS. Implementation
CONTRACT ADMINISTRATION REQUIREMENTS. The Contractor agrees to administer this Contract in compliance with 2 CFR Part 200. Financial management, procurement, and affirmative step requirements specify that:
1. The Contractor must have fiscal control and accounting procedures sufficient to: a. permit preparation of reports required by this Contract, and b. permit the tracing of funds to a level of expenditures adequate to establish that such funds have not been used in violation of the restrictions and prohibitions of applicable statutes.
2. The Contractor's financial management systems must meet the following standards:
CONTRACT ADMINISTRATION REQUIREMENTS. The following sections describe the administration requirements for BMO and task orders awarded under BMO. The Contract Administration Representative shall be the primary point of contact for these requirements. Failure to meet administration requirements may result in activation of Dormant Status and/or Off- Ramping (See Sections H.36.5 Dormant Status and H.36.6 Off-Ramping).
G.3.1 Contract Access Fee (CAF)
G.3.1.1 Contract Access Fee (CAF) Point of Contact