---
kind: "section"
citation: "48 C.F.R. § 232.503-15"
title: "48"
number: "232.503-15"
heading: "Application of Government title terms."
url: "https://uscodex.org/cfr/48/232.503-15"
---

# §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 system criteria at 252.242-7004(d)(7) constitutes the contracting officer approval requirement of FAR 32.503-15(d). Prior to granting blanket approval of 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.**

## Notes

### Amendments

[56 FR 36409, July 31, 1991, as amended at 57 FR 42632, Sept. 15, 1992; 70 FR 75413, Dec. 20, 2005; 77 FR 11365, Feb. 24, 2012]

### Authority

Authority: 41 U.S.C. 1303 and 48 CFR chapter 1.

### Source

Source: 56 FR 36409, July 31, 1991, unless otherwise noted.

### Amendments

[56 FR 36409, July 31, 1991, as amended at 57 FR 42632, Sept. 15, 1992; 70 FR 75413, Dec. 20, 2005; 77 FR 11365, Feb. 24, 2012]