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41 U.S.C. § 3906 - U.S. Code - Unannotated Title 41. Public Contracts § 3906. Cost-reimbursement contracts

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Definition.--In this section, the term “executive agency” has the same meaning given in section 133 of this title.

(b) Regulations on the use of cost-reimbursement contracts.--The Federal Acquisition Regulation shall address the use of cost-reimbursement contracts.

(c) Content.--The regulations promulgated under subsection (b) shall include guidance regarding--

(1) when and under what circumstances cost-reimbursement contracts are appropriate;

(2) the acquisition plan findings necessary to support a decision to use cost-reimbursement contracts; and

(3) the acquisition workforce resources necessary to award and manage cost-reimbursement contracts.

(d) Annual report.--

(1) In general.--The Director of the Office of Management and Budget shall submit an annual report to Congressional committees identified in subsection (e) on the use of cost-reimbursement contracts and task or delivery orders by all executive agencies.

(2) Contents.--The report shall include--

(A) the total number and value of contracts awarded and orders issued during the covered fiscal year;

(B) the total number and value of cost-reimbursement contracts awarded and orders issued during the covered fiscal year; and

(C) an assessment of the effectiveness of the regulations promulgated pursuant to subsection (b) in ensuring the appropriate use of cost- reimbursement contracts.

(3) Time requirements.--

(A) Deadline.--The report shall be submitted no later than March 1 and shall cover the fiscal year ending September 30 of the prior year.

(B) Limitation.--The report shall be submitted from March 1, 2009, until March 1, 2014.

(e) Congressional committees.--The report required by subsection (d) shall be submitted to--

(1) the Committee on Oversight and Government Reform of the House of Representatives;

(2) the Committee on Homeland Security and Governmental Affairs of the Senate;

(3) the Committees on Appropriations of the House of Representatives and the Senate; and

(4) in the case of the Department of Defense and the Department of Energy, the Committees on Armed Services of the Senate and the House of Representatives.

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Cite this article: FindLaw.com - 41 U.S.C. § 3906 - U.S. Code - Unannotated Title 41. Public Contracts § 3906. Cost-reimbursement contracts - last updated January 01, 2024 | https://codes.findlaw.com/us/title-41-public-contracts/41-usc-sect-3906/

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