{"data":{"id":"us-gu/5-gca-5236","jurisdiction":"us-gu","citation":"5 GCA § 5236","heading":"Approval of Accounting System.","body":"Except with respect to firm fixed-price contracts, no contract type shall be used unless it has been determined in writing by the Chief Procurement Officer, the Director of Public Works, the head of a Purchasing Agency, or a designee of any such officer that:\n(a) the proposed contractor’s accounting system will permit timely development of all necessary cost data in the form required by the specific contract type contemplated; and\n(b) the proposed contractor’s accounting system is adequate to allocate costs in accordance with generally accepted accounting principles.","path":["Title 5: Government Operations","Division 1 - Laws Applicable to Executive Branch","Chapter 5: Guam Procurement Law","ARTICLE 3: SOURCE SELECTION AND CONTRACT FORMATION","SUBARTICLE E: TYPES OF CONTRACTS"],"source_url":"https://col.guamcourts.gov/sites/default/files/05gc005.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T02:17:18Z","sha256":"9a4b04657d7aede89794d8278ac538df2a7ea3835de1cf1f020918ebd65b42d9","source_id":"us-gu","stale":false,"prev":"us-gu/5-gca-5235","next":"us-gu/5-gca-5237"},"notice":"GroundRules: Original legal text. Not legal advice."}