Document retention requirements for dod contractors?

Department of Defense (DoD) contractors must adhere to specific document retention requirements as outlined in the Federal Acquisition Regulation (FAR) and the Defense Federal Acquisition Regulation Supplement (DFARS). Generally, contractors are required to retain records for a minimum of three years after final payment on a contract, though certain documents, like those related to cost accounting, may need to be kept for longer. Additionally, contractors must ensure that they comply with any specific retention periods stated in the contract itself or in applicable laws and regulations. Proper document management is essential for audits, compliance, and legal accountability.