DD Form 1861. Contract Facilities Capital Cost of Money

DD Form 1861, also known as the Contract Facilities Capital Cost of Money form, is used to calculate and report the cost of money for a construction project. The main purpose of the form is to ensure that the government is properly reimbursed for the cost of financing a construction project.

The form consists of several parts, including information about the contract, the cost of money rate, and supporting documentation. The important fields to consider when filling out the form include the contract number, the period of performance, and the cost of money rate. The parties involved in the process include the contractor, the contracting officer, and the finance office responsible for processing the form.

To complete the form, the contractor will need to provide information such as the contract number, the period of performance, and the cost of money rate. Supporting documentation, such as invoices or receipts, should also be attached to the form.

Examples of application and use cases for the DD Form 1861 include situations where a construction project is being financed by the government. The form is important to ensure that the government is properly reimbursed for the cost of financing the project.

Strengths of the form include its ability to accurately calculate and report the cost of money for a construction project. Weaknesses may include the potential for errors in calculation or incomplete documentation leading to delays in reimbursement. Opportunities for improvement may include streamlining the reporting process or providing additional resources for contractors. Threats may include fraudulent reporting or misuse of the form.

Alternative forms to the DD Form 1861 include the SF 1443, which is used for similar purposes but is geared towards contracts for services rather than construction projects. The main difference between the two forms is the type of contract being reported.

The form can affect the future of participants by ensuring that the government is properly reimbursed for the cost of financing a construction project. The form is typically submitted to the finance office responsible for processing the form and is stored in the government's financial records.