MP5316.504

Document Sample

Shared by: Daryl
Categories
Tags
Stats
views:
57
posted:
10/31/2007
language:
English
pages:
1
Mandatory Procedure



MP5316.504 Types of Contracts

March 2007



MP5316.504 Indefinite-Quantity Contracts (a) Description. (1) For indefinite-delivery indefinite-quantity (IDIQ) contracts all supplies and services to be furnished shall be obtained via delivery order(s) or task order(s) issued by individuals designated in the contract. Upon execution of the contract, an obligation shall be recorded based upon the issuance of a delivery or task order for the cost/price of the minimum quantity specified. Obtaining a certification of availability of funding from the finance office does not satisfy the requirement to record an obligation in the official accounting records of the Government for the minimum order amount established by the award of an IDIQ contract. The Government’s actual obligation must be recorded at the time of contract award. Recording and subsequently reporting the required obligation using anything other than a delivery or task order will result in the action not being reported in FPDS-NG. The Recording of Obligations Act is implemented in the DoD Financial Management Regulation (FMR) (DoD 7000.14-R) (See paragraph 080504 of the FMR). The Defense Finance and Accounting Service (DFAS) is responsible for recording contractual obligations in the Air Force accounting records.



(2)




Share This Document


Other docs by Daryl
IG5336.9201-ch4-5
Views: 78  |  Downloads: 0
IG5317.9500
Views: 156  |  Downloads: 0
Dfars 231
Views: 285  |  Downloads: 0
Lease Amending Agreement
Views: 116  |  Downloads: 4
b32c
Views: 114  |  Downloads: 0
52_248m
Views: 61  |  Downloads: 0
PGI 201_1
Views: 148  |  Downloads: 0
PGI 207_5
Views: 42  |  Downloads: 0
MP5303
Views: 80  |  Downloads: 0
by registering with docstoc.com you agree to our
privacy policy

You are almost ready to download!

You are almost ready to download!