Federal Acquisition Regulation; Proper Use and Management of Cost-Reimbursement Contracts
other · US Department of Defense · Rule · Published 2011-03-16 · Effective 2011-03-16 · 76 FR 14543
Document
Document number
2011-5552
Federal Register citation
76 FR 14543
CFR reference
48 CFR 1
Type
Rule
Action
Interim rule with request for comments.
Category
other
Sub-agency
US Department of Defense
Publication date
2011-03-16
Effective date
2011-03-16
DOD docket
FAC 2005-50
Abstract
DoD, GSA, and NASA are issuing an interim rule amending the Federal Acquisition Regulation (FAR) to implement section 864 of the Duncan Hunter National Defense Authorization Act for Fiscal Year 2009. This law aligns with the Presidential Memorandum on Government Contracting, issued on March 4, 2009, which directed agencies to save $40 billion in contracting annually by Fiscal Year (FY) 2011 and to reduce the use of high-risk contracts. This rule provides regulatory guidance on the proper use and management of other than firm-fixed-price contracts (e.g., cost-reimbursement, time-and-material, and labor-hour).