DOD, NASA Propose Line Item Rule To Trace Contract Funding
By Andrew Westney (August 5, 2014, 6:18 PM EDT) -- The U.S. Department of Defense, NASA and the General Services Administration on Tuesday proposed changing federal acquisition regulations for line items in government contracts to standardize the system and make it easier to trace funding.
The DOD, NASA and GSA proposed to amend the Federal Acquisition Regulation in fiscal year 2016 to establish a uniform line item identification structure providing pricing, delivery and funding information on items purchased, improving the traceability, accuracy and usability of federal procurement data, according to the proposal published in the Federal Register on Tuesday.
Funding traceability is currently limited to contract-level information, making it harder to...
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