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FAR ClauseCost & Pricing

FAR 52.215-2Audit and Records — Negotiation

Gives the government (DCAA, agency IG) the right to examine contractor records relating to negotiated contracts, including indirect cost records, for up to 3 years after final payment.

When This Clause Applies

Required in negotiated contracts exceeding the simplified acquisition threshold.

What This Means for Contractors

Contractor must maintain records supporting cost claims, indirect rate proposals, and incurred cost submissions for 3+ years after final payment. DCAA audit rights extend through the retention period. Inadequate records create audit findings and potential cost disallowance.

Common Pitfalls

  • 1Premature record destruction
  • 2Inadequate documentation supporting cost claims
  • 3Disorganized records that delay audit response

Related Topics

FAR 52.215-2audit and recordsDCAA audit rightscontractor record retention

Need help complying with FAR 52.215-2?

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