← All Free ToolsGo back to previous tools page
Explore More Tools →
section41.401

Monthly and annual review

Overview

This section prescribes mandatory frequencies and objectives for reviewing utility service invoices and accounts to ensure billing accuracy and cost-effectiveness. It distinguishes between routine monthly administrative checks and comprehensive annual technical evaluations of utility rates and market alternatives.

Key Rules

  • Monthly Review Mandate: Agencies must review all utility service invoices every month specifically to ensure billing accuracy.
  • Annual Review (Above SAT): Accounts with annual values exceeding the simplified acquisition threshold (SAT) must undergo a formal annual review.
  • Annual Review (Below SAT): For accounts at or below the SAT, annual reviews are discretionary and should be conducted only when advantageous to the Government.
  • Objectives of Annual Reviews:
    • Verify the supplier is providing service under the most economical applicable rate.
    • Examine competitive markets for potentially better service offerings.
  • Data Requirements: Annual reviews must be based on the specific usage, conditions, and service characteristics of each delivery point over the preceding 12-month period.
  • Immediate Action: If a more advantageous rate is identified during a review, the agency is required to request an immediate rate change from the supplier.

Practical Implications

  • Contracting Officers and facility managers must implement a systematic tracking process for utility data to ensure that fluctuating usage patterns do not result in the government remaining on an obsolete or overpriced rate schedule.
  • In deregulated markets, these reviews necessitate active market research beyond the current provider to satisfy the requirement of examining competitive service offerings.

Need help?

Get FAR guidance, audit prep support, and proposal insights from the AudCor team.

Talk to an expert