Section 232.503-15 - Application of Government title terms(d) An administrative contracting officer (ACO) determination that the contractor's material management and accounting system conforms to the system criteria at 252.242-7004(d)(7) constitutes the contracting officer approval requirement of FAR 32.503-15(d). Prior to granting blanket approval of cost transfers between contracts, the ACO should determine that-(i) The contractor retains records of the transfer activity that took place in the prior month;(ii) The contractor prepares, at least monthly, a summary of the transfer activity that took place in the prior month; and(iii) The summary report includes as a minimum, the total number and dollar value of transfers.56 FR 36409, July 31, 1991, as amended at 57 FR 42632, Sept. 15, 1992; 70 FR 75413 , Dec. 20, 2005; 77 FR 11365 , Feb. 24, 2012