Section 27-3218. REVIEW OR AUDIT OF PROGRESS PAYMENTS

 

3218.1In each contract providing for progress payments, the contracting officer shall include provisions, approved by the Director, giving the District the right to conduct postpayment reviews or audits at the discretion of the contracting officer, including reviews or audits to determine the following:

 

(a)Whether the unliquidated progress payments are fairly supported by the value of work accomplished on the undelivered portion of the contract;

 

(b)Whether the limitation on progress payments has been exceeded;

 

(c)Whether the unpaid balance of the contract price will be adequate to cover the anticipated cost of completion, or the contractor has adequate resources to complete the contract; and

 

(d)Whether there is any reason to doubt the adequacy or reliability of the contractor's accounting system, controls, or payment certification.

 

3218.2The contracting officer shall conduct progress payment reviews periodically, at intervals of six (6) months or less, and may conduct reviews or audits at any time or upon receipt of any request for a progress payment.

 

source

Final Rulemaking published at 35 DCR 1633 (February 26, 1988).