Rhode Island § 37-2-32 § 37-2-32. Approval of accounting system.

Rhode Island Statutes

§ 37-2-32 — § 37-2-32. Approval of accounting system.

Rhode Island·Title 37 Public Property and Works·Ch. 37-2 State Purchases

§ 37-2-32. Approval of accounting system.
Except with respect to firm fixed price type contracts, no contract type shall be
            used unless it has been determined in writing that the proposed contractor's accounting
            system will permit timely development of all necessary cost data in the form required
            by the specific contract type contemplated and that the contractor's accounting system
            is adequate to allocate costs in accordance with generally accepted accounting principles.
         

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§ 37-2-32. Approval of accounting system.

Except with respect to firm fixed price type contracts, no contract type shall be used unless it has been determined in writing that the proposed contractor's accounting system will permit timely development of all necessary cost data in the form required by the specific contract type contemplated and that the contractor's accounting system is adequate to allocate costs in accordance with generally accepted accounting principles.

Rhode Island § 37-2-32 (§ 37-2-32. Approval of accounting system.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.