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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 48 - Federal Acquisition Regulations System |
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Chapter 5 - General Services Administration |
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SubChapter C - Contracting Methods and Contract Types |
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Part 515 - Contracting by Negotiation |
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Subpart 515.1 - General Requirements for Negotiation |
§ 515.106-70 - Examination of records by GSA clause.
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(a) The contracting officer shall insert the clause at 552.215-70, Examination of Records by GSA, in solicitations and contracts (other than multiple award schedule contracts), including acquisitions of leasehold interests in real property that:
(1) Involve the use and disposition of Government-furnished property,
(2) Provide for advance payments, progress payments based on cost, or guaranteed loan,
(3) Contain a price warranty or price reduction clause,
(4) Involve income to the Government where income is based on operations that are under the control of the contractor,
(5) Include an economic price adjustment clause,
(6) Are requirements, indefinite-quantity, or letter type contracts as defined in FAR part 16,
(7) Are subject to adjustment based on a negotiated cost escalation base, or
(8) Contain the provision at FAR 52,223-4, Recovered Material Certification. The contracting officer may modify the clause to define the specific area of audit (e.g., the use or disposition of Government-furnished property, compliance with the price reduction clause). Counsel and the Assistant Inspector General-Auditing or Regional Inspector General-Auditing, as appropriate, must concur in any modifications to the clause.
(b) The contracting officer shall insert the clause at 552.215-71, Examination of Records by GSA (Multiple Award Schedule), in solicitations and multiple award schedule contracts. With the Senior Procurement Executive's approval, the contracting officer may modify the clause to also provide for post-award access to and the right to examine records to verify that the pre-award/modification pricing, sales or other data related to the supplies or
services offered under the contract which formed the basis for the award/modification was accurate, current, and complete. Such a modification of the clause shall provide for the right of access to expire 2 years after award or modification. Before modifying the clause, the contracting officer shall make a determination that absent such access there is a likelihood of significant harm to the Government and submit it to the Senior Procurement Executive for approval. Such determinations must be made on a schedule-by-schedule basis.