A contract permits payment for stored materials only with specified documentation. Which submission supports that payment review?
Correct Answer
A) Invoice, storage, insurance and allocation evidence
Provide the evidence required by the particular contract to substantiate the stored-material amount and its allocation to the project. A verbal promise or bid-tab note does not replace that evidence. Federal FAR 52.232-5(b)(2), for example, conditions off-site material consideration on authorization and evidence of title and project use. Source: https://www.acquisition.gov/far/52.232-5
Why This Is the Correct Answer
Provide the evidence required by the particular contract to substantiate the stored-material amount and its allocation to the project. A verbal promise or bid-tab note does not replace that evidence. Federal FAR 52.232-5(b)(2), for example, conditions off-site material consideration on authorization and evidence of title and project use. Source: https://www.acquisition.gov/far/52.232-5
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