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ARTICLE · 23 OCTOBER 2015

Did You Know? FAR Retention Requirements And Electronic Storage

As a Federal contractor, you already know that the FAR requires you to retain certain project records (books, documents, etc.) for audit and inspection purposes – typically for a period of at least three years after final payment.

United StatesGovernment, Public Sector

As a Federal contractor, you already know that the FAR requires you to retain certain project records (books, documents, etc.) for audit and inspection purposes – typically for a period of at least three years after final payment. But did you know that the regulations allow contractors to cut the clutter by converting paper records to an electronic format?

FAR 4.703(c) includes an express provision allowing contractors to "[duplicate or store] original records in electronic format." The benefits of e-storage are well-known and obvious. Electronic records take up less space and make it significantly easier to find what you need in short order.

But, before you start to purge all of your company's paper files, bear in mind these key FAR requirements for electronic storage and retention:

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