Category:Contractor Records Retention

This category is to capture records retention requirements. See page within category.

Please note, the government's failure to timely audit a contractors books and records does not extend the records retention period. Once the records retention time has passed, the government cannot question or disallow cost based on records not being available. This is best demonstrated in the Doubleshot, Inc., ASBCA No. 61691 (July 19, 2022). In this case the Armed Services Board of Contract Appeals (ASBCA) granted the contractor's motion for partial summary judgement, denying the Government's claim for unallowable costs to the extent that it was based on records (missing employee timecards) that were beyond the records retention requirement in FAR 4.7.

For more, please see the ASBCA case below.

http://www.govcwiki.org/index.php?title=File:61691_Doubleshot,_Inc._7.19.22_Decision.pdf