Procurement

OFPP wants to edit cost accounting standards exemptions

OFPP head Joe Jordan

Joe Jordan is administrator of the Office of Federal Procurement Policy, which is seeking to better align acquisition rules with statutory language.

The Obama administration has proposed adopting more general language for specifying which contracts are exempt from cost accounting standards, saying the change would more closely align the regulatory language with existing laws.

The Office of Federal Procurement Policy and the Cost Accounting Standards Board want to clarify which contracts or subcontracts for commercial items are exempt from cost accounting standards by replacing a list with the phrase "contracts and subcontracts for the acquisition of commercial items."

The current text reads: "firm fixed-priced, fixed-priced with economic price adjustment (provided that price adjustment is not based on actual costs incurred), time-and-materials, and labor-hour contracts and subcontracts for the acquisition of commercial items."

The revision better reflects the statutory language, officials wrote in a Nov. 19 Federal Register notice.

Acquisition rules have changed over the years as bills such as the Federal Acquisition Streamlining Act of 1994 and the Services Acquisition Reform Act of 2003 have become law. The exemptions have had to evolve as well. Now the board says the regulatory language is inconsistent with the description of the exemptions and contract types as defined in related laws.

OFPP and the board are accepting comments on the proposed rule change through Jan. 18, 2013.

About the Author

Matthew Weigelt is a freelance journalist who writes about acquisition and procurement.

The Fed 100

Read the profiles of all this year's winners.

Featured

  • Shutterstock image (by wk1003mike): cloud system fracture.

    Does the IRS have a cloud strategy?

    Congress and watchdog agencies have dinged the IRS for lacking an enterprise cloud strategy seven years after it became the official policy of the U.S. government.

  • Shutterstock image: illuminated connections between devices.

    Who won what in EIS

    The General Services Administration posted detailed data on how the $50 billion Enterprise Infrastructure Solutions contract might be divvied up.

  • Wikimedia Image: U.S. Cyber Command logo.

    Trump elevates CyberCom to combatant command status

    The White House announced a long-planned move to elevate Cyber Command to the status of a full combatant command.

  • Photo credit: John Roman Images / Shutterstock.com

    Verizon plans FirstNet rival

    Verizon says it will carve a dedicated network out of its extensive national 4G LTE network for first responders, in competition with FirstNet.

  • AI concept art

    Can AI tools replace feds?

    The Heritage Foundation is recommending that hundreds of thousands of federal jobs be replaced by automation as part of a larger government reorganization strategy.

  • DOD Common Access Cards

    DOD pushes toward CAC replacement

    Defense officials hope the Common Access Card's days are numbered as they continue to test new identity management solutions.

Reader comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

More from 1105 Public Sector Media Group