No contract type shall be used unless it has been determined in writing by the head of the purchasing agency that:
(1) 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.
(2) The proposed contractor's accounting system is adequate to allocate costs in accordance with generally accepted accounting principles.
Notwithstanding the preceding, a contract may be used without a prior written determination where the contract is a firm, fixed-price contract or a contract awarded under section 516 (relating to emergency procurement).
Cross References. Section 541 is referred to in sections 561, 9119 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 5 - Source Selection and Contract Formation
Section 511 - Methods of source selection
Section 512 - Competitive sealed bidding
Section 512.1 - Competitive electronic auction bidding
Section 513 - Competitive sealed proposals
Section 514 - Small procurements
Section 515 - Sole source procurement
Section 516 - Emergency procurement
Section 518 - Competitive selection procedures for certain services
Section 519 - Selection procedure for insurance and notary bonds
Section 520 - Supplies manufactured and services performed by persons with disabilities
Section 521 - Cancellation of invitations for bids or requests for proposals
Section 531 - Debarment or suspension
Section 532 - Prequalification of bidders and offerors
Section 533 - Security and performance bonds
Section 534 - Cost or pricing data
Section 541 - Approval of accounting system
Section 542 - Multiterm contracts
Section 543 - Effective contracts
Section 551 - Right to inspect plant
Section 552 - Right to audit records
Section 561 - Finality of determinations
Section 562 - Anticompetitive practices