Fun with the FAR Part 4

1.       The government is required to use electronic commerce whenever practicable or cost effective. FAR 4.502(a).  Agencies are permitted to accept electronic signatures and records in connection with government contracts. FAR 4.502(d).

2.       Contractors may have to keep records longer than 3 years if the Contractor has its own records retention policy that is longer than the statutory minimum 3 years.  The 3 year clock begins running after final payment.  FAR 4.703.

3.       The government must retain records for 6 years and 3 months after final payment. FAR 4.805.

 

Related Post

Season 12: Episode 3: FAR Facts

Good morning to all our FUN with the FAR℠ Family!Our third episode of Fun with the FAR℠ 2025 will be hosted on February 12th,2025. Our host, Steve Daoust and our guest speaker, Rick A-to-Z will cover FAR Parts 5 and 6!FAR Part 5: Publicizing Contract ActionsFAR Part...

Season 12: Episode 2: FAR Facts

Happy New Years to all our FUN with the FAR℠ Family!On January 29th, our second episode of 2025 will cover FAR Part 3 with our host Steve Daoust. Our guest for this episode will be Todd Canni!FAR Part 3: Improper Business Practices and Personal Conflicts of InterestAs...

Season 12: Episode 1: FAR Facts

Happy New Years to all our FUN with the FAR℠ Family!The season opener to Season 12 of Fun with the FAR℠ 2025 starts in one week!On January 15th, our first episode of 2025 will cover FAR Parts 1 and 2 with our host Steve Daoust and our first guest of the season, Tim...