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FAS Instructional Letter (IL) 2011-02 Supplement No. 2-Page 1 of 27 May 5, 2011, FAS INSTRUCTIONAL LETTER 2011-02 Supplement No. 2 MEMORANDUM FOR ALL FAS ACQUISITION ACTIVITIES FROM: HOUSTON W. TAYLOR
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Note: It is important to consult the specific instructions or guidelines provided by the FAS to ensure that you accurately complete the instructional letter and meet all the necessary requirements.
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FAS Instructional Letter 02 is a document issued by the Federal Acquisition Service (FAS) of the General Services Administration (GSA). It provides instructions and guidelines for reporting certain financial information.
Contractors and suppliers who have contracts with the government and meet specific criteria are required to file FAS Instructional Letter 02. These criteria may include the contract amount, type of contract, and other factors determined by the GSA.
Filling out FAS Instructional Letter 02 involves providing the required financial information as outlined in the instructions provided. It may include reporting revenue, expenses, profit/loss, and other relevant financial data. Contractors and suppliers should carefully review the instructions and accurately complete the form.
The purpose of FAS Instructional Letter 02 is to ensure transparency and accountability in government contracting. It helps the GSA monitor and evaluate the financial performance of contractors and suppliers, ensuring compliance with regulations and appropriate use of taxpayer funds.
The specific information that must be reported on FAS Instructional Letter 02 can vary depending on the contract and other factors. However, it generally includes financial data such as revenue, expenses, profit/loss, assets, liabilities, and other relevant financial information. The exact requirements are outlined in the instructions provided by the GSA.
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