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You are here: Home / Government Contracting News / DOT cost-reimbursement awards did not comply with revised FAR rules, IG says

August 26, 2013 By AMK

DOT cost-reimbursement awards did not comply with revised FAR rules, IG says

Administrations within the Transportation Department did not fully comply  with revised Federal Acquisition Regulation requirements on the use of  cost-reimbursement contracts due to a lack of guidance from the DOT on how to  implement the revised regulation, an Aug. 5 DOT inspector general report says.

The IG reviewed 31 cost-reimbursement awards – 11 contracts and 20 task  orders – from six administrations in the DOT that were entered into between July  1, 2011, and May 31, 2012.

Section 864 of the 2009 National Defense Authorization Act required amendments to the FAR to provide further guidance on circumstances when  cost-reimbursement contracts are appropriate as well as how to support the  selection of a cost-reimbursement contract and the resources necessary to award  and manage a cost-reimbursement contract.

Keep reading this article at: http://www.fiercegovernment.com/story/dot-cost-reimbursement-awards-did-not-comply-revised-far-rules-ig-says/2013-08-08

Filed Under: Government Contracting News Tagged With: cost reimbursement, DOT, FAR, IG, NDAA, risk, risk assessment, task orders

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