Difference between revisions of "Public Vouchers"
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| − | ==Public Vouchers== | + | ==DCAA Public Voucher Guidance== |
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| + | ==Introduction== | ||
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| + | Cost type contracts provide for interim payments for costs on a Standard Form (SF) 1034 public voucher or equivalent. | ||
| + | DCAA will perform voucher reviews based on risk. | ||
| + | |||
| + | • Fixed price contracts are subject to FAR Part 32 financing methods. | ||
| + | |||
| + | ==Contractor Responsibilities== | ||
| + | |||
| + | * Contact the cognizant DCAA office after contract award | ||
| + | |||
| + | • Ensure DCAA has the necessary information to process contract billings, such as current provisional billing rates, copy of the contract, any special contract provisions, etc. | ||
| + | |||
| + | • Maintain adequate billing system internal controls | ||
| + | |||
| + | • Ensure adequate support is maintained for amounts billed | ||
| + | |||
| + | • Submit timely incurred cost proposals and final vouchers in accordance with FAR 52.216-7 | ||
| + | |||
| + | ===DCAA Responsibilities - Pre-Payment Review of Vouchers=== | ||
| + | |||
| + | • Evaluate for compliance with contract terms and billing instructions | ||
| + | |||
| + | • Reconcile billed costs to the accounting records | ||
| + | |||
| + | • Verify that indirect costs are calculated using established provisional billing rates | ||
| + | |||
| + | • Verify the voucher is properly prepared (mathematically accurate, contains cumulative costs, etc.) | ||
| + | |||
| + | • Verify timely payments to vendors and subcontractors | ||
| + | |||
| + | • Verify billed labor, materials, and other direct costs to accounting records and supporting documentation | ||
| + | |||
| + | • Compare amount billed to amount received | ||
| + | |||
| + | • Review monitoring of subcontracts in accordance with FAR 42.202(e)(2) | ||
| + | |||
| + | |||
| + | |||
| + | [[File:DCAA_Public_Voucher_Guidance.pdf]] | ||
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http://guidebook.dcma.mil/8/guidebook_process.htm | http://guidebook.dcma.mil/8/guidebook_process.htm | ||
| − | [[Category: Billing | + | [[Category: Billing]] |
Latest revision as of 21:15, 9 February 2021
Contents |
DCAA Public Voucher Guidance
Introduction
Cost type contracts provide for interim payments for costs on a Standard Form (SF) 1034 public voucher or equivalent. DCAA will perform voucher reviews based on risk.
• Fixed price contracts are subject to FAR Part 32 financing methods.
Contractor Responsibilities
- Contact the cognizant DCAA office after contract award
• Ensure DCAA has the necessary information to process contract billings, such as current provisional billing rates, copy of the contract, any special contract provisions, etc.
• Maintain adequate billing system internal controls
• Ensure adequate support is maintained for amounts billed
• Submit timely incurred cost proposals and final vouchers in accordance with FAR 52.216-7
DCAA Responsibilities - Pre-Payment Review of Vouchers
• Evaluate for compliance with contract terms and billing instructions
• Reconcile billed costs to the accounting records
• Verify that indirect costs are calculated using established provisional billing rates
• Verify the voucher is properly prepared (mathematically accurate, contains cumulative costs, etc.)
• Verify timely payments to vendors and subcontractors
• Verify billed labor, materials, and other direct costs to accounting records and supporting documentation
• Compare amount billed to amount received
• Review monitoring of subcontracts in accordance with FAR 42.202(e)(2)
File:DCAA Public Voucher Guidance.pdf
Links
The link below gives DCMA guidance to government personnel on processing and approving Public Vouchers. http://guidebook.dcma.mil/8/guidebook_process.htm
