Regulation & law · 16/03/2011

DOD, GSA, and NASA Issue Interim Rule on Cost-Reimbursement Contracts

The Department of Defense (DoD), General Services Administration (GSA), and National Aeronautics and Space Administration (NASA) have issued an interim rule to amend the Federal Acquisition Regulation (FAR) and provide guidance on the proper use and management of cost-reimbursement contracts, in line with the Presidential Memorandum on Government Contracting aimed at reducing high-risk contracts and saving $40 billion annually by FY 2011.