DoD, NASA, and the GSA have proposed a new rule that would change the federal acquisition regulation to establish a uniform line item structure for the Federal procurement system. The rationale for the change is that a uniform line item identification structure would improve the accuracy, traceability, and usability of procurement data. It is also part of the effort to implement the objectives of the Federal Funding Accountability and Transparency Act of 2006, including promoting achievement of rigorous accountability of procurement dollars and processes.
The new rule would apply to solicitations, government-wide acquisition contracts, multi-agency contracts, purchase orders, agreements involving pre-priced supplies or services, and delivery orders. If approved, the change would become effective in FY 2016.
Continue Reading DoD and NASA Propose New Rule for Uniform Line Item Identification Structure in Gov’t Contracts – Comment Period Ends October 6th