Acquisition Regulation; Remittance of Industrial Funding Fee in U.S. Dollars Under Federal Supply Schedules Program

Samenvatting

The General Services Administration Acquisition Regulation (GSAR) is amended to revise the contract clauses at 552.238-72 and 552.238-77 to require remittance of the industrial funding fee under Federal Supply Schedules (FSS) program in U.S. dollars, define the basis for converting the value of sales in foreign currency, update references to termination for cause, and clarify reporting and remittance requirements.