[Code of Federal Regulations] [Title 48, Volume 3] [Revised as of October 1, 2002] From the U.S. Government Printing Office via GPO Access [CITE: 48CFR232.503-15] [Page 274-275] TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM CHAPTER 2--DEPARTMENT OF DEFENSE PART 232--CONTRACT FINANCING--Table of Contents Subpart 232.5--Progress Payments Based on Costs Sec. 232.503-15 Application of Government title terms. (d) An administrative contracting officer (ACO) determination that the contractor's material management and accounting system conforms to the standard at 252.242-7004(f)(7) constitutes the contracting officer approval requirement of FAR 32.503-15(d). Prior to granting blanket approval of [[Page 275]] cost transfers between contracts, the ACO should determine that-- (i) The contractor retains records of the transfer activity that took place in the prior month; (ii) The contractor prepares, at least monthly, a summary of the transfer activity that took place in the prior month; and (iii) The summary report includes as a minimum, the total number and dollar value of transfers. [56 FR 36409, July 31, 1991, as amended at 57 FR 42632, Sept. 15, 1992]