Glossary term
DCAA
The Defense Contract Audit Agency — the government's auditor for contract costs and accounting systems.
DCAA audits contractor cost proposals, incurred costs, and accounting systems, principally for DoD but on behalf of other agencies too. An "adequate" accounting system determination is effectively a prerequisite for cost-reimbursement work. DCAA does not award contracts or make eligibility determinations — it advises the contracting officer, who decides.
Categories
- compliance
- financial
Related terms
- DCMAThe Defense Contract Management Agency — administers DoD contracts after award.
- Cost-Plus-Fixed-Fee (CPFF)A cost-reimbursement contract where the contractor is repaid allowable costs plus a negotiated fee that does not vary with actual cost.
- Indirect RateThe rate at which overhead, fringe, and general and administrative costs are allocated to contracts.