Financial Capability Team

The Financial Capability Team (FCT) is the DoD Contracting Officer's resource for requesting an evaluation of a contractor's financial capability, on either a preaward or postaward basis.

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WHAT WE DO

PRE AWARD FINANCIAL CAPABILITY REVIEWS

  • The Financial Capability Team (FCT) performs Preaward Financial Capability Reviews for Procurement Contracting Officers to enable them to ensure contracts are awarded only to financially responsible contractors in accordance with FAR 9.104-1(a), DFARS 232.072-1, and DFARS253.209-1(a)(i)(D).
  • FCT can assess any contractor, private or public.

POSTAWARD FINANCIAL CAPABILITY REVIEWS

  • The FCT performs Post award Financial Capability Reviews to assist Contracting Officers with performance of their contract administration duties.
  • These administration duties include, but are not limited to:
    • Novation Agreements
    • Contractor Debt Deferment Requests
    • Administration of Government Contract Financing
    • Determining Extent of Production Surveillance
    • Monitoring Priority Defense Industrial Base Assets for Financial Viability

CUSTOMER FOCUS

  • The FCT is DoD's sole resource for requesting evaluation of a contractor's financial strength and its associated risk to contract performance
  • Turnaround times focused on reducing Procurement Action LeadTime (PALT).
  • PCOs must obtain access toDCMA's eTools Preaward Survey utility in order to make electronic requests for determinations of Preaward Financial Capability. FCTwill assist PCO with obtaining access to the Preaward Survey utility if needed.

Protecting the Government's Exposure to Contractor Financing Risk

  • Novation Agreements – to determine whether the contractor has the financial resources required to complete contracts proposed for novation.
  • Contractor Debt Deferment Requests – debt deferment package documentation should include a current assessment of the contractor's financial capability.
  • Administration of Government Contract Financing - Contracting Officers are responsible to maintain affirmation that contractors receiving Government financing are in satisfactory financial condition.
  • Determining Extent of Production Surveillance - a contractor’s financial capability is one factor the contract administration office must consider when determining the appropriate extent of production surveillance to be performed.
  • Monitoring Priority Defense Industrial Base Assets for Financial Viability - The FCT performs financial capability assessments in support of the DCMA Industrial Analysis Division’s conduct of Defense Industrial Base sector assessments.