An Adequate Accounting System (as determined by DCAA) can properly accumulate and report costs by contract. Required for cost-type contracts, T&M contracts, and forward pricing rate proposals.
is a metric concept federal contractors and grant writers run into across solicitations, regulations, and award filings
Adequate Accounting System is a measurement used in federal contract evaluation, source selection, oversight, or performance management. Understanding Adequate Accounting System matters because evaluators use metrics like it to compare proposals quantitatively, score past performance, set award-fee outcomes, and decide who gets the next option year. Contractors who track how Adequate Accounting System is calculated — and what target values look like in their NAICS or service area — write proposals that are concrete and defensible instead of generic and easily dismissed. Adequate Accounting System also has implications for contract administration: getting the calculation methodology wrong post-award is a common source of disputes and contracting-officer modifications. Pair Adequate Accounting System with the related metrics above to see how the federal government composes evaluation criteria into source-selection narratives.
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