We see RFPs being issued with either SF 1408 (Pre-Award Survey of Prospective Accounting System) or Accounting System Review (ASR) requirements as a pre-requisite to a contract award that third- party CPA firms can perform. Sometimes RFPs are not clear on what the government wants. Understanding RFP requirements and draft-contract clauses are tantamount to enabling a successful proposal submission. In many instances, primes may ask for a higher-level assertion of the accounting system, then the contemplated contract requires. Understanding these requirements is extremely important in negotiating contract requirements with prime contractors.
What should contractors know about accounting system assessments?Does the RFP require you to have an adequate accounting system that can perform on a cost reimbursable contract (SF 1408) or an acceptable or approved accounting system based on the 18 accounting-system criteria presented in Defense FAR Supplement (DFARS), clause 252.242-7006?
what can contractors do?
Subject matter expertise
CPA, Partner - Managing Partner, Advisory - Global Consulting Solutions and Government Contracting Industry Leader
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